Cable One, Inc. (NYSE:CABO - Get Free Report) Director Wallace R. Weitz acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Cable One Price Performance
Shares of CABO stock traded up $2.63 during trading hours on Friday, hitting $277.40. The company had a trading volume of 197,237 shares, compared to its average volume of 106,987. Cable One, Inc. has a 12 month low of $239.29 and a 12 month high of $470.87. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 6.42 and a beta of 0.93. The firm's fifty day moving average is $308.94 and its 200 day moving average is $345.96. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.
Cable One Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.25%. Cable One's dividend payout ratio is currently 229.57%.
Institutional Investors Weigh In On Cable One
Large investors have recently modified their holdings of the stock. Speece Thorson Capital Group Inc. grew its stake in shares of Cable One by 24.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company's stock valued at $9,566,000 after purchasing an additional 5,394 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Cable One by 116.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company's stock valued at $1,573,000 after purchasing an additional 2,419 shares during the period. Kingsview Wealth Management LLC grew its stake in shares of Cable One by 5.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company's stock valued at $8,568,000 after purchasing an additional 1,297 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Cable One by 4.9% in the 4th quarter. Principal Financial Group Inc. now owns 28,572 shares of the company's stock worth $10,346,000 after acquiring an additional 1,332 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Cable One by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 3,259 shares of the company's stock worth $1,140,000 after acquiring an additional 1,836 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
CABO has been the topic of several research reports. KeyCorp lowered their price target on Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company lowered their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price target on Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd.
View Our Latest Analysis on CABO
Cable One Company Profile
(
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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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