Clarkston Capital Partners LLC lessened its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 266,258 shares of the company's stock after selling 8,629 shares during the period. Cable One makes up about 1.8% of Clarkston Capital Partners LLC's holdings, making the stock its 18th biggest position. Clarkston Capital Partners LLC owned 4.74% of Cable One worth $96,417,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Cable One in the fourth quarter valued at $28,129,000. Norges Bank bought a new position in shares of Cable One during the 4th quarter valued at about $11,993,000. Proficio Capital Partners LLC purchased a new position in shares of Cable One during the 4th quarter valued at about $10,491,000. Point72 Asset Management L.P. raised its holdings in shares of Cable One by 476.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 9,000 shares of the company's stock valued at $3,148,000 after buying an additional 7,440 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Cable One by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after buying an additional 7,055 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. KeyCorp decreased their price target 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. dropped their price target on Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd.
Get Our Latest Research Report on Cable One
Cable One Stock Performance
CABO stock traded up $1.92 on Friday, hitting $261.98. The company had a trading volume of 22,207 shares, compared to its average volume of 116,516. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 6.06 and a beta of 1.07. Cable One, Inc. has a 12-month low of $225.94 and a 12-month high of $437.00. 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 stock's 50-day simple moving average is $267.29 and its 200 day simple moving average is $330.44.
Cable One Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders 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 yield of 4.50%. Cable One's payout ratio is 229.57%.
Insider Transactions at Cable One
In other news, Director Wallace R. Weitz purchased 1,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the acquisition, the director now directly owns 5,584 shares of the company's stock, 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 legal filing with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company's stock.
Cable One Company Profile
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Free Report)
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.
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