Proficio Capital Partners LLC Invests $10.49 Million in Cable One, Inc. (NYSE:CABO)

Proficio Capital Partners LLC purchased a new position in shares of Cable One, Inc. (NYSE:CABO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,970 shares of the company's stock, valued at approximately $10,491,000. Proficio Capital Partners LLC owned about 0.52% of Cable One at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CABO. Sound Income Strategies LLC bought a new stake in shares of Cable One in the 4th quarter valued at about $50,000. KBC Group NV lifted its stake in shares of Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after acquiring an additional 50 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock valued at $60,000 after acquiring an additional 29 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after purchasing an additional 220 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company's stock worth $124,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CABO shares. JPMorgan Chase & Co. decreased their price objective on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research report on Monday. KeyCorp lowered their price objective on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company cut their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th.

Remove Ads

Insiders Place Their Bets

In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the transaction, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.

Cable One Stock Up 5.7 %

CABO traded up $14.52 during midday trading on Thursday, hitting $268.45. The company had a trading volume of 103,546 shares, compared to its average volume of 105,558. The stock's 50 day moving average price is $312.79 and its 200 day moving average price is $347.05. Cable One, Inc. has a 52 week low of $239.29 and a 52 week high of $470.87. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 6.22 and a beta of 0.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is currently 229.57%.

Cable One Profile

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