Bridges Investment Management Inc. Decreases Position in Cable One, Inc. (NYSE:CABO)

Bridges Investment Management Inc. trimmed its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 52.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 987 shares of the company's stock after selling 1,081 shares during the period. Bridges Investment Management Inc.'s holdings in Cable One were worth $357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CABO. Proficio Capital Partners LLC acquired a new stake in Cable One during the 4th quarter worth $10,491,000. Eagle Asset Management Inc. boosted its stake in shares of Cable One by 24.9% during the third quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company's stock worth $15,029,000 after buying an additional 8,563 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Cable One by 476.9% during the third quarter. Point72 Asset Management L.P. now owns 9,000 shares of the company's stock worth $3,148,000 after buying an additional 7,440 shares during the last quarter. Markel Group Inc. grew its holdings in shares of Cable One by 11.6% during the third quarter. Markel Group Inc. now owns 60,050 shares of the company's stock worth $21,005,000 after buying an additional 6,250 shares during the last quarter. Finally, Speece Thorson Capital Group Inc. increased its position in Cable One by 24.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company's stock valued at $9,566,000 after acquiring an additional 5,394 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have recently commented on CABO. JPMorgan Chase & Co. cut their price target on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research note on Monday. KeyCorp cut their price objective on shares of 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 lowered their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th.

Cable One Price Performance

Shares of Cable One stock traded up $2.63 during trading on Friday, reaching $277.40. The company's stock had a trading volume of 197,237 shares, compared to its average volume of 106,614. The business has a 50 day moving average price of $310.80 and a 200-day moving average price of $346.54. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $1.56 billion, a P/E ratio of 6.42 and a beta of 0.89. Cable One, Inc. has a 12-month low of $239.29 and a 12-month high of $470.87.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 4.25%. The ex-dividend date is Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is 229.57%.

Insider Activity

In other news, Director Wallace R. Weitz bought 1,000 shares of Cable One stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the acquisition, the director now owns 5,584 shares of the company's stock, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company's stock.

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.