LSV Asset Management Boosts Stock Holdings in Cable One, Inc. (NYSE:CABO)

LSV Asset Management raised its position in Cable One, Inc. (NYSE:CABO - Free Report) by 2,535.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,380 shares of the company's stock after purchasing an additional 7,100 shares during the period. LSV Asset Management owned 0.13% of Cable One worth $2,672,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC acquired a new position in shares of Cable One during the 4th quarter valued at $49,000. Sound Income Strategies LLC acquired a new position in shares of Cable One during the fourth quarter valued at about $50,000. Public Employees Retirement System of Ohio raised its holdings 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. Federated Hermes Inc. boosted its position in shares of Cable One by 201.8% during the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after purchasing an additional 111 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Cable One by 45.0% in the 4th quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

CABO has been the topic of a number of research reports. Wells Fargo & Company lowered 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. KeyCorp dropped their price objective on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd.

Cable One Stock Up 2.9 %

Cable One stock traded up $7.18 during trading on Friday, hitting $255.48. 82,590 shares of the company were exchanged, compared to its average volume of 116,901. 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 business's 50 day moving average is $264.88 and its 200 day moving average is $327.52. Cable One, Inc. has a 52 week low of $225.94 and a 52 week high of $437.00. The company has a market capitalization of $1.44 billion, a P/E ratio of 5.91 and a beta of 1.07.

Cable One Dividend Announcement

The company 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. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's payout ratio is currently 229.57%.

Insider Buying and Selling

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

About Cable One

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.