Cable One, Inc. (NYSE:CABO) Shares Sold by Markel Group Inc.

Markel Group Inc. cut its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,900 shares of the company's stock after selling 9,150 shares during the quarter. Markel Group Inc. owned approximately 0.91% of Cable One worth $18,432,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. AlphaQuest LLC acquired a new position in Cable One in the 4th quarter valued at about $49,000. PNC Financial Services Group Inc. raised its position in shares of Cable One by 18.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock valued at $151,000 after buying an additional 65 shares during the last quarter. Bradyco Inc. purchased a new position in shares of Cable One during the fourth quarter valued at approximately $234,000. Inceptionr LLC acquired a new stake in Cable One during the fourth quarter worth approximately $423,000. Finally, Raymond James Financial Inc. purchased a new stake in Cable One in the 4th quarter worth approximately $28,129,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CABO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company reduced 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. Finally, KeyCorp lowered their price target on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a report on Friday, February 28th.

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Cable One Trading Down 11.7 %

Shares of CABO traded down $32.24 during mid-day trading on Thursday, reaching $242.50. The company had a trading volume of 80,695 shares, compared to its average volume of 108,345. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 5.65 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a fifty day simple moving average of $303.98 and a 200-day simple moving average of $344.59. Cable One, Inc. has a fifty-two week low of $239.29 and a fifty-two week high of $470.87.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were paid a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.87%. Cable One's dividend payout ratio is presently 229.57%.

Insider Transactions at Cable One

In other Cable One 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 acquired at an average price of $244.02 per share, for a total transaction of $244,020.00. Following 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

About Cable One

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.