Copeland Capital Management LLC Sells 46,364 Shares of Cable One, Inc. (NYSE:CABO)

Copeland Capital Management LLC cut its position in Cable One, Inc. (NYSE:CABO - Free Report) by 99.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145 shares of the company's stock after selling 46,364 shares during the period. Copeland Capital Management LLC's holdings in Cable One were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in Cable One by 452.4% in the second quarter. Versant Capital Management Inc now owns 116 shares of the company's stock valued at $41,000 after buying an additional 95 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Cable One during the second quarter worth about $45,000. GAMMA Investing LLC increased its stake in Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company's stock valued at $53,000 after acquiring an additional 135 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Cable One during the 2nd quarter worth $65,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cable One in the second quarter worth about $72,000. 89.92% of the stock is currently owned by institutional investors.

Cable One Price Performance

NYSE:CABO traded down $1.43 during mid-day trading on Wednesday, hitting $346.61. 59,719 shares of the stock traded hands, compared to its average volume of 104,364. The business's 50-day moving average price is $345.71 and its 200 day moving average price is $364.98. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.87. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $618.44. The company has a market cap of $1.95 billion, a PE ratio of 7.94 and a beta of 0.84.

Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings data 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). Cable One had a net margin of 15.31% and a return on equity of 12.04%. The company had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. During the same period last year, the business posted $10.43 earnings per share. The firm's quarterly revenue was down 7.0% compared to the same quarter last year. On average, analysts expect that Cable One, Inc. will post 30.99 EPS for the current fiscal year.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Tuesday, August 27th. Cable One's payout ratio is currently 27.02%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Cable One from $470.00 to $480.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $533.33.

About Cable One

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.