Cable One, Inc. (NYSE:CABO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 59.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,681 shares of the company's stock after selling 11,309 shares during the quarter. Victory Capital Management Inc. owned about 0.14% of Cable One worth $2,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in shares of Cable One in the 4th quarter worth $50,000. KBC Group NV grew its position in 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 in the last quarter. Public Employees Retirement System of Ohio increased its stake in Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock worth $60,000 after acquiring an additional 29 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Cable One by 523.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock worth $95,000 after acquiring an additional 220 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Cable One by 79.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 314 shares of the company's stock valued at $113,000 after purchasing an additional 139 shares during the period. 89.92% of the stock is owned by institutional investors.

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Insider Transactions at Cable One

In related news, Director Wallace R. Weitz acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price 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 $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. KeyCorp cut their price objective on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their price target 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. Finally, 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 note on Monday, March 3rd.

Cable One Stock Up 1.7 %

Shares of CABO stock traded up $4.22 on Thursday, hitting $254.90. The stock had a trading volume of 69,528 shares, compared to its average volume of 109,745. Cable One, Inc. has a one year low of $225.94 and a one year high of $452.72. The business has a 50 day moving average price of $291.53 and a 200 day moving average price of $340.45. The company has a market cap of $1.43 billion, a PE ratio of 5.93 and a beta of 0.93. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were given a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.63%. Cable One's payout ratio is presently 229.57%.

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.