Renaissance Technologies LLC Decreases Position in Cable One, Inc. (NYSE:CABO)

Renaissance Technologies LLC lowered its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 31.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,800 shares of the company's stock after selling 17,200 shares during the period. Renaissance Technologies LLC owned about 0.67% of Cable One worth $13,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in Cable One in the fourth quarter valued at $49,000. Sound Income Strategies LLC purchased a new stake in Cable One during the fourth quarter worth approximately $50,000. 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 purchasing an additional 29 shares in the last quarter. Federated Hermes Inc. increased its stake in Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after purchasing an additional 111 shares during the last quarter. Finally, KBC Group NV raised its holdings in Cable One by 45.0% during the fourth quarter. KBC Group NV now owns 232 shares of the company's stock worth $84,000 after purchasing an additional 72 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Stock Performance

Shares of NYSE:CABO traded up $7.18 during trading on Friday, reaching $255.48. The company had a trading volume of 82,590 shares, compared to its average volume of 116,033. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The stock's fifty day moving average price is $264.35 and its 200 day moving average price is $326.88. Cable One, Inc. has a fifty-two week low of $225.94 and a fifty-two week high of $437.00. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 5.91 and a beta of 1.07.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Tuesday, February 18th. Cable One's payout ratio is 229.57%.

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

CABO has been the topic of a number of recent analyst reports. KeyCorp dropped their target price 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 decreased their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered 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 report on Monday, March 3rd.

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.