UBS Asset Management Americas Inc. increased its position in shares of Cable One Inc. (NYSE:CABO) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,875 shares of the company’s stock after buying an additional 313 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.07% of Cable One worth $1,982,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors Inc. raised its position in shares of Cable One by 5.3% in the first quarter. Teachers Advisors Inc. now owns 3,059 shares of the company’s stock worth $1,337,000 after buying an additional 154 shares in the last quarter. BlackRock Inc. raised its position in shares of Cable One by 5.4% in the first quarter. BlackRock Inc. now owns 6,909 shares of the company’s stock worth $3,021,000 after buying an additional 355 shares in the last quarter. BlackRock Group LTD raised its position in shares of Cable One by 1.3% in the first quarter. BlackRock Group LTD now owns 12,490 shares of the company’s stock worth $5,460,000 after buying an additional 161 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Cable One by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 120,515 shares of the company’s stock worth $52,681,000 after buying an additional 886 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Cable One during the first quarter worth approximately $1,924,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.
Cable One Inc. (NYSE:CABO) traded up 0.50% during mid-day trading on Monday, reaching $599.59. The company’s stock had a trading volume of 5,973 shares. The stock has a market cap of $3.43 billion, a PE ratio of 35.27 and a beta of 0.28. Cable One Inc. has a 52-week low of $390.00 and a 52-week high of $601.01. The company has a 50 day moving average of $559.98 and a 200-day moving average of $508.36.
Cable One (NYSE:CABO) last posted its earnings results on Wednesday, August 3rd. The company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.19. Cable One had a return on equity of 23.07% and a net margin of 12.26%. The firm earned $204.56 million during the quarter, compared to analysts’ expectations of $202.03 million. During the same period in the previous year, the firm earned $3.67 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Cable One Inc. will post $19.68 earnings per share for the current year.
CABO has been the topic of a number of analyst reports. Zacks Investment Research lowered Cable One from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. TheStreet initiated coverage on Cable One in a report on Wednesday, July 13th. They set a “hold” rating on the stock.
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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