Concourse Capital Management Lowers stake in Cable One Inc (CABO)

Cable One Inc (CABO) : Concourse Capital Management reduced its stake in Cable One Inc by 17.41% during the most recent quarter end. The investment management company now holds a total of 6,759 shares of Cable One Inc which is valued at $3,544,690 after selling 1,425 shares in Cable One Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Cable One Inc makes up approximately 2.16% of Concourse Capital Management’s portfolio.

Other Hedge Funds, Including , Lee Danner Bass Inc reduced its stake in CABO by selling 100 shares or 4.26% in the most recent quarter. The Hedge Fund company now holds 2,249 shares of CABO which is valued at $1,179,466. Cable One Inc makes up approx 0.14% of Lee Danner Bass Inc’s portfolio. Shelton Capital Management added CABO to its portfolio by purchasing 421 company shares during the most recent quarter which is valued at $220,789. Cable One Inc makes up approx 0.02% of Shelton Capital Management’s portfolio. Huntington National Bank added CABO to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $6,345.

Cable One Inc opened for trading at $515.09 and hit $523.37 on the upside on Monday, eventually ending the session at $520.86, with a gain of 1.24% or 6.4 points. The heightened volatility saw the trading volume jump to 20,417 shares. Company has a market cap of $2,979 M.

On the company’s financial health, Cable One Inc reported $4.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $4.43. The company had revenue of $204.60 million for the quarter, compared to analysts expectations of $201.50 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.67 EPS.

Cable One Inc. is a provider of high-speed Internet (data or Internet) cable television (video) and telephony (phone or voice) services in approximately 19 Midwestern Western and Southern states. The Company provides these broadband services to residential and business customers in 38 cable systems covering over 400 cities and towns. The Company offers a solution of data video and voice services in all of its markets. Its technically advanced infrastructure provides for delivery of a suite of data video and voice products. Its broadband plant offers fiber-to-the-node with download speeds of 50 megabits per second (Mbps). It offers a range of residential video services ranging from a basic video service to a digital service with access to hundreds of channels. Its basic video service generally consists of local networks and local community programming such as governmental and public access and certain other channels such as weather shopping and religious channels.

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