Inceptionr LLC Purchases New Stake in Cable One, Inc. (NYSE:CABO)

Inceptionr LLC bought a new position in Cable One, Inc. (NYSE:CABO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,169 shares of the company's stock, valued at approximately $423,000.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in Cable One in the 4th quarter valued at about $50,000. KBC Group NV lifted its stake in shares of Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after acquiring an additional 50 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 acquiring an additional 29 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Cable One by 523.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after acquiring an additional 220 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in Cable One by 79.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 314 shares of the company's stock worth $113,000 after purchasing an additional 139 shares in the last quarter. 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 the business's stock in a transaction dated 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 completion of the acquisition, the director now directly owns 5,584 shares of the company's stock, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

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Cable One Price Performance

Cable One stock traded down $4.58 during mid-day trading on Wednesday, hitting $274.11. The company's stock had a trading volume of 121,450 shares, compared to its average volume of 108,205. Cable One, Inc. has a twelve month low of $239.29 and a twelve month high of $470.87. The stock's fifty day moving average price is $305.74 and its two-hundred day moving average price is $345.09. The stock has a market capitalization of $1.54 billion, a P/E ratio of 6.34 and a beta of 0.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.30%. 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 have issued reports on CABO. Wells Fargo & Company decreased their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Finally, KeyCorp lowered their target price on Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a 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.