Jump Financial LLC Sells 4,503,214 Shares of Cable One, Inc. (NYSE:CABO)

Jump Financial LLC cut its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 99.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,286 shares of the company's stock after selling 4,503,214 shares during the quarter. Jump Financial LLC's holdings in Cable One were worth $828,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CABO. Public Employees Retirement System of Ohio increased its position in shares of Cable One by 20.4% during the third 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 during the period. Geode Capital Management LLC increased 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 valued at $41,342,000 after buying an additional 1,839 shares during the period. Virtu Financial LLC acquired a new position in shares of Cable One in the 3rd quarter valued at $240,000. Sanctuary Advisors LLC lifted its holdings in shares of Cable One by 3.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company's stock worth $505,000 after acquiring an additional 43 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Cable One during the 3rd quarter valued at about $717,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Trading Up 0.0 %

Shares of CABO opened at $255.12 on Tuesday. The stock has a fifty day moving average price of $263.87 and a two-hundred day moving average price of $325.96. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 5.90 and a beta of 1.07. Cable One, Inc. has a 52-week low of $225.94 and a 52-week high of $437.00.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.63%. Cable One's dividend payout ratio (DPR) is 229.57%.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz purchased 1,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

CABO has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company reduced their target price 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. Finally, KeyCorp dropped their target price on shares of 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.

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