Hollow Brook Wealth Management Lowers stake in Cable One Inc (CABO)

Cable One Inc (CABO) : Hollow Brook Wealth Management reduced its stake in Cable One Inc by 16.42% during the most recent quarter end. The investment management company now holds a total of 4,566 shares of Cable One Inc which is valued at $2,434,728 after selling 897 shares in Cable One Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cable One Inc makes up approximately 1.66% of Hollow Brook Wealth Management’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc sold out all of its stake in CABO during the most recent quarter. The investment firm sold 659 shares of CABO which is valued $351,399.Blackrock Advisors boosted its stake in CABO in the latest quarter, The investment management firm added 6,431 additional shares and now holds a total of 66,926 shares of Cable One Inc which is valued at $35,686,951. Cable One Inc makes up approx 0.04% of Blackrock Advisors’s portfolio.New York State Common Retirement Fund boosted its stake in CABO in the latest quarter, The investment management firm added 2,800 additional shares and now holds a total of 11,000 shares of Cable One Inc which is valued at $5,865,530. Cable One Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Blackrock Group Ltd boosted its stake in CABO in the latest quarter, The investment management firm added 419 additional shares and now holds a total of 12,909 shares of Cable One Inc which is valued at $6,883,466.

Cable One Inc opened for trading at $542.95 and hit $549.03 on the upside on Thursday, eventually ending the session at $547.84, with a gain of 1.24% or 6.72 points. The heightened volatility saw the trading volume jump to 29,832 shares. Company has a market cap of $3,134 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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