Forum Financial Management LP Makes New $630,000 Investment in Cable One, Inc. (NYSE:CABO)

Forum Financial Management LP acquired a new stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,740 shares of the company's stock, valued at approximately $630,000.

Several other institutional investors and hedge funds have also modified their holdings of CABO. MML Investors Services LLC raised its position in shares of Cable One by 3.6% in the third quarter. MML Investors Services LLC now owns 2,090 shares of the company's stock worth $731,000 after acquiring an additional 72 shares during the period. 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 valued at $60,000 after purchasing an additional 29 shares in the last quarter. Geode Capital Management LLC raised its holdings in Cable One by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company's stock worth $41,342,000 after purchasing an additional 1,839 shares during the period. Virtu Financial LLC purchased a new position in Cable One during the third quarter worth approximately $240,000. Finally, Sanctuary Advisors LLC grew its holdings in Cable One by 3.1% in the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company's stock valued at $505,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Transactions at Cable One

In other news, Director Wallace R. Weitz purchased 1,000 shares of Cable One stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now owns 5,584 shares in the company, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company's stock.

Cable One Price Performance

Shares of CABO stock traded up $0.39 during trading hours on Thursday, reaching $258.24. The company had a trading volume of 129,230 shares, compared to its average volume of 111,824. 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 quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 5.97 and a beta of 1.07. The stock has a fifty day moving average of $262.55 and a 200-day moving average of $325.00.

Cable One Announces Dividend

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 $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is presently 229.57%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CABO. JPMorgan Chase & Co. decreased their price target on shares of 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 decreased 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 dropped their price target on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, February 28th.

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.