Arrowstreet Capital Limited Partnership Buys New Position in Cable One, Inc. (NYSE:CABO)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,703 shares of the company's stock, valued at approximately $979,000.

Several other hedge funds have also bought and sold shares of the stock. AlphaQuest LLC purchased a new stake in Cable One during the fourth quarter valued at $49,000. Sound Income Strategies LLC purchased a new stake in shares of Cable One during the fourth quarter valued at $50,000. Public Employees Retirement System of Ohio grew its holdings in shares of Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock worth $60,000 after purchasing an additional 29 shares during the last quarter. KBC Group NV increased its stake in Cable One by 45.0% in the 4th quarter. KBC Group NV now owns 232 shares of the company's stock worth $84,000 after buying an additional 72 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings 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 buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Stock Up 1.8 %

Cable One stock traded up $4.41 during mid-day trading on Thursday, reaching $252.71. 13,423 shares of the company were exchanged, compared to its average volume of 116,471. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $1.42 billion, a P/E ratio of 5.86 and a beta of 1.07. The business has a fifty day moving average of $265.40 and a 200 day moving average of $328.17. Cable One, Inc. has a 12-month low of $225.94 and a 12-month high of $437.00.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's payout ratio is currently 229.57%.

Insider Buying and Selling at Cable One

In other news, Director Wallace R. Weitz acquired 1,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. KeyCorp decreased their target price 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 dropped their price target 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.

Cable One Company 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.