Bayesian Capital Management LP Buys Shares of 870 Cable One, Inc. (NYSE:CABO)

Bayesian Capital Management LP purchased a new stake in Cable One, Inc. (NYSE:CABO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 870 shares of the company’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 48,513 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Cable One by 11.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock valued at $149,447,000 after purchasing an additional 27,635 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Cable One by 26.2% in the 1st quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock valued at $86,353,000 after purchasing an additional 42,376 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Cable One by 1,906.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock valued at $67,911,000 after buying an additional 152,496 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Cable One by 16.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock valued at $61,435,000 after buying an additional 15,907 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

CABO has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a report on Friday, May 3rd. TD Cowen reduced their price objective on shares of Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Finally, KeyCorp reduced their price target on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Cable One currently has an average rating of “Hold” and an average target price of $590.83.

Cable One Stock Performance

NYSE CABO traded down $1.30 during trading hours on Wednesday, hitting $408.73. 4,946 shares of the company’s stock traded hands, compared to its average volume of 112,048. The firm has a market capitalization of $2.30 billion, a P/E ratio of 9.38 and a beta of 0.83. Cable One, Inc. has a 52 week low of $318.68 and a 52 week high of $741.25. The business’s fifty day moving average price is $359.76 and its two-hundred day moving average price is $416.62. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.86.

Cable One (NYSE:CABO) last released its earnings results on Thursday, May 2nd. The company reported $8.11 EPS for the quarter, missing the consensus estimate of $10.78 by ($2.67). Cable One had a return on equity of 12.76% and a net margin of 15.50%. The company had revenue of $404.30 million during the quarter, compared to analysts’ expectations of $408.79 million. During the same period last year, the firm posted $9.62 EPS. Cable One’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts predict that Cable One, Inc. will post 32.21 EPS for the current year.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, May 24th. Cable One’s dividend payout ratio (DPR) is presently 27.02%.

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of $369.98 per share, with a total value of $369,980.00. Following the completion of the purchase, the director now directly owns 4,565 shares in the company, valued at $1,688,958.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

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.