XTX Topco Ltd Trims Stake in Cable One, Inc. (NYSE:CABO)

XTX Topco Ltd cut its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 52.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,975 shares of the company's stock after selling 2,185 shares during the quarter. XTX Topco Ltd's holdings in Cable One were worth $715,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. AlphaQuest LLC bought a new position in shares of Cable One in the 4th quarter worth about $49,000. Sound Income Strategies LLC bought a new position in shares of Cable One in the 4th quarter worth about $50,000. Public Employees Retirement System of Ohio increased its stake in shares of Cable One by 20.4% in the 3rd 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 in the last quarter. Federated Hermes Inc. increased its stake in shares of Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after acquiring an additional 111 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of 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 acquiring an additional 72 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Cable One Stock Performance

Cable One stock traded up $5.35 during midday trading on Wednesday, reaching $258.50. 21,610 shares of the company traded hands, compared to its average volume of 111,570. Cable One, Inc. has a 12 month low of $225.94 and a 12 month high of $437.00. 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 business has a 50 day moving average of $263.25 and a two-hundred day moving average of $325.46. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 5.98 and a beta of 1.07.

Cable One Dividend Announcement

The business also recently announced 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 was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.56%. Cable One's dividend payout ratio is presently 229.57%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday, February 28th. KeyCorp reduced 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 note on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced 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.

Insider Buying and Selling at Cable One

In related news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now directly owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. This trade represents a 21.82 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company's stock.

Cable One 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.