Private Management Group Inc. Has $40.58 Million Stock Position in Cable One, Inc. (NYSE:CABO)

Private Management Group Inc. grew its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,999 shares of the company's stock after purchasing an additional 2,358 shares during the period. Cable One makes up 1.4% of Private Management Group Inc.'s portfolio, making the stock its 12th biggest position. Private Management Group Inc. owned about 2.06% of Cable One worth $40,575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CABO. Semanteon Capital Management LP grew its position in Cable One by 275.0% during the third quarter. Semanteon Capital Management LP now owns 3,319 shares of the company's stock valued at $1,161,000 after purchasing an additional 2,434 shares in the last quarter. Mraz Amerine & Associates Inc. grew its holdings in shares of Cable One by 36.4% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 5,199 shares of the company's stock valued at $1,819,000 after acquiring an additional 1,388 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of Cable One in the third quarter worth $295,000. Bfsg LLC raised its holdings in shares of Cable One by 3.5% during the third quarter. Bfsg LLC now owns 971 shares of the company's stock worth $340,000 after acquiring an additional 33 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in Cable One by 16.7% during the third quarter. Inspire Investing LLC now owns 1,172 shares of the company's stock valued at $410,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

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

Cable One Stock Up 5.4 %

Shares of CABO stock traded up $18.42 on Friday, hitting $359.98. The company's stock had a trading volume of 161,659 shares, compared to its average volume of 103,287. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 8.48 and a beta of 0.84. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $618.44. The firm's fifty day moving average price is $344.43 and its 200-day moving average price is $362.91. 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 released its quarterly earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a return on equity of 12.04% and a net margin of 15.31%. The company had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. During the same quarter last year, the company posted $10.43 EPS. The business's revenue was down 7.0% compared to the same quarter last year. Research analysts anticipate that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One's dividend payout ratio is currently 27.78%.

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.