TimesSquare Capital Management LLC Cuts Stock Holdings in Cable One Inc (NYSE:CABO)

TimesSquare Capital Management LLC lowered its holdings in shares of Cable One Inc (NYSE:CABO) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,343 shares of the company’s stock after selling 3,151 shares during the quarter. TimesSquare Capital Management LLC owned 0.72% of Cable One worth $51,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CABO. Rothschild & Co Wealth Management UK Ltd bought a new position in Cable One during the second quarter valued at $186,967,000. Invesco Ltd. lifted its position in Cable One by 1,218.6% during the second quarter. Invesco Ltd. now owns 105,303 shares of the company’s stock valued at $123,309,000 after purchasing an additional 97,317 shares during the last quarter. William Blair Investment Management LLC lifted its position in Cable One by 39.7% during the second quarter. William Blair Investment Management LLC now owns 132,761 shares of the company’s stock valued at $155,462,000 after purchasing an additional 37,728 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Cable One during the second quarter valued at $29,997,000. Finally, Wells Fargo & Company MN lifted its position in Cable One by 43.6% during the second quarter. Wells Fargo & Company MN now owns 72,179 shares of the company’s stock valued at $84,521,000 after purchasing an additional 21,931 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

CABO has been the subject of several research reports. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $1,506.00 price objective for the company in a research report on Monday, November 4th. ValuEngine lowered shares of Cable One from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wolfe Research upgraded shares of Cable One from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 23rd. KeyCorp reiterated an “overweight” rating and set a $1,482.00 price objective (up previously from $1,316.00) on shares of Cable One in a research report on Wednesday, September 4th. Finally, B. Riley increased their price objective on shares of Cable One from $1,400.00 to $1,490.00 and gave the company a “buy” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $1,339.60.

Shares of Cable One stock traded up $8.19 during trading on Wednesday, hitting $1,499.76. The stock had a trading volume of 25,800 shares, compared to its average volume of 47,512. The firm’s fifty day simple moving average is $1,302.54 and its 200-day simple moving average is $1,216.52. The stock has a market cap of $8.53 billion, a PE ratio of 52.13 and a beta of 0.40. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.28 and a quick ratio of 1.09. Cable One Inc has a 12 month low of $767.15 and a 12 month high of $1,509.98.

Cable One (NYSE:CABO) last released its earnings results on Thursday, November 7th. The company reported $8.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.25 by $0.43. The firm had revenue of $284.99 million during the quarter, compared to analyst estimates of $285.64 million. Cable One had a net margin of 14.92% and a return on equity of 22.55%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $6.70 EPS. Analysts expect that Cable One Inc will post 30.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 19th will be issued a $2.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $9.00 annualized dividend and a dividend yield of 0.60%. Cable One’s dividend payout ratio (DPR) is presently 31.28%.

In other news, CEO Julia M. Laulis sold 668 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,279.79, for a total value of $854,899.72. Following the completion of the sale, the chief executive officer now owns 2,896 shares in the company, valued at approximately $3,706,271.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Julia M. Laulis sold 662 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $1,255.32, for a total transaction of $831,021.84. Following the completion of the sale, the chief executive officer now owns 2,899 shares of the company’s stock, valued at approximately $3,639,172.68. The disclosure for this sale can be found here. Insiders sold a total of 1,630 shares of company stock valued at $2,059,962 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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