Marathon Asset Management Ltd Cuts Stock Holdings in Cable One, Inc. (NYSE:CABO)

Marathon Asset Management Ltd trimmed its position in Cable One, Inc. (NYSE:CABO - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,351 shares of the company's stock after selling 6,759 shares during the period. Marathon Asset Management Ltd owned about 1.04% of Cable One worth $20,413,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CABO. Jane Street Group LLC boosted its holdings in shares of Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock worth $6,292,000 after purchasing an additional 13,354 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company's stock worth $207,409,000 after purchasing an additional 48,513 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Cable One during the 1st quarter worth approximately $8,695,000. Private Management Group Inc. boosted its holdings in shares of Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company's stock worth $40,229,000 after purchasing an additional 47,082 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Cable One during the 1st quarter worth approximately $7,068,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their target price on Cable One from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $533.33.

Cable One Trading Up 0.6 %

CABO traded up $2.26 during trading hours on Friday, reaching $360.65. The company's stock had a trading volume of 67,493 shares, compared to its average volume of 104,707. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $637.60. The stock has a market cap of $2.03 billion, a PE ratio of 8.30 and a beta of 0.84. The business's 50-day moving average is $348.34 and its 200-day moving average is $367.07. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.36 by ($2.20). The firm had revenue of $394.46 million during the quarter, compared to analysts' expectations of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 12.04%. The firm's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.43 EPS. As a group, equities research analysts predict that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One's payout ratio is 27.02%.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.