Nationwide Fund Advisors raised its stake in shares of Cable One Inc. (NYSE:CABO) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,425 shares of the company’s stock after buying an additional 191 shares during the period. Nationwide Fund Advisors owned about 0.13% of Cable One worth $3,797,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CABO. LS Investment Advisors LLC boosted its position in Cable One by 67.7% in the second quarter. LS Investment Advisors LLC now owns 265 shares of the company’s stock valued at $136,000 after buying an additional 107 shares during the period. Meeder Asset Management Inc. acquired a new position in Cable One during the second quarter valued at about $169,000. Savant Capital LLC acquired a new position in Cable One during the second quarter valued at about $215,000. Shelton Capital Management acquired a new position in Cable One during the second quarter valued at about $215,000. Finally, Capstone Asset Management Co. acquired a new position in Cable One during the second quarter valued at about $237,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.
Cable One Inc. (NYSE:CABO) traded up 0.57% during midday trading on Wednesday, hitting $580.05. The company had a trading volume of 15,066 shares. The stock has a 50 day moving average price of $555.98 and a 200 day moving average price of $506.09. Cable One Inc. has a 52 week low of $390.00 and a 52 week high of $589.76. The company has a market capitalization of $3.32 billion, a P/E ratio of 34.12 and a beta of 0.28.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.19. The business earned $204.56 million during the quarter, compared to analyst estimates of $202.03 million. Cable One had a return on equity of 23.07% and a net margin of 12.26%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $3.67 EPS. Equities analysts forecast that Cable One Inc. will post $19.68 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on CABO shares. TheStreet started coverage on Cable One in a research note on Wednesday, July 13th. They set a “hold” rating on the stock. Zacks Investment Research lowered Cable One from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th.
About Cable One
Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.
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