Cable One, Inc. (NYSE:CABO) Stake Raised by Semanteon Capital Management LP

Semanteon Capital Management LP grew its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 275.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,319 shares of the company's stock after buying an additional 2,434 shares during the period. Semanteon Capital Management LP owned 0.06% of Cable One worth $1,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CABO. Jane Street Group LLC grew its stake in Cable One by 880.9% during the first quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock worth $6,292,000 after buying an additional 13,354 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cable One by 11.0% during the first 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 in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Cable One in the first quarter worth about $8,695,000. Private Management Group Inc. grew its stake in shares of Cable One by 70.7% in the second quarter. Private Management Group Inc. now owns 113,641 shares of the company's stock valued at $40,229,000 after buying an additional 47,082 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Cable One during the 1st quarter valued at about $7,068,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Stock Up 0.2 %

Shares of CABO stock traded up $0.66 during trading hours on Monday, hitting $344.31. 51,029 shares of the company were exchanged, compared to its average volume of 103,589. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 7.88 and a beta of 0.84. Cable One, Inc. has a one year low of $311.28 and a one year high of $618.44. The business's 50-day simple moving average is $344.62 and its two-hundred day simple moving average is $363.81. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81.

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

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were issued a dividend of $2.95 per share. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.43%. Cable One's dividend payout ratio (DPR) is 27.02%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price target 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 issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cable One currently has a consensus rating of "Hold" and an average target price 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.