Wallace Capital Management Inc. owns $15.46 million shares in Cable One, Inc. (NYSE:CABO)

Wallace Capital Management Inc. reduced its holdings in the shares of Cable One, Inc. (NYSE:CABO – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,683 shares of the company’s stock after selling 446 shares during the quarter. Cable One makes up about 2.0% of Wallace Capital Management Inc.’s holdings, making the stock its 11th largest position. Wallace Capital Management Inc. holdings holdings in Cable One were worth $15,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CABO. Raymond James Trust NA boosted its holdings in shares of Cable One by 2.1% during the second quarter. Raymond James Trust NA now owns 1,581 shares of the company’s stock valued at $560,000 after acquiring an additional 33 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Cable One by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company’s stock valued at $419,000 after acquiring an additional 41 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Cable One by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company’s stock valued at $1,681,000 after acquiring an additional 51 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in shares of Cable One by 27.7% in the first quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after acquiring an additional 56 shares during the last quarter. Finally, Mission Wealth Management LP boosted its holdings in shares of Cable One by 9.0% in the first quarter. Mission Wealth Management LP now owns 978 shares of the company’s stock valued at $414,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 89.92% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Separately, JPMorgan Chase & Co. boosted their price objective on Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $533.33, according to MarketBeat.

Check out our latest research report on Cable One

Cable One trading up 2.6%

CABO stock opened at $353.56 on Monday. The company has a fifty day moving average price of $361.11 and a 200 day moving average price of $375.15. Cable One, Inc. it has a fifty-two week low of $313.15 and a fifty-two week high of $671.62. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 8.10 and a beta of 0.84. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.81, and a quick ratio of 1.81.

Cable One (NYSE:CABO – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.69%. The business had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. In the same period last year, the company earned $10.43 per share. The company’s revenue for the quarter was down 7.0% year over year. Analysts expect that Cable One, Inc. will record 30.99 EPS for the current fiscal year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents an annualized dividend of $11.80 and a dividend yield of 3.34%. Cable One’s dividend payout ratio (DPR) is currently 27.02%.

About Cable One

(Free Report)

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 improve Wi-Fi signal throughout the home. It also offers various residential video services from basic video service to digital services with access to hundreds of channels; and offers a cloud-based DVR feature that does not require the use of a set-top box.

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