Marathon Asset Management Ltd Sells 3,649 Shares of Cable One, Inc. (NYSE:CABO)

Marathon Asset Management Ltd trimmed its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,702 shares of the company's stock after selling 3,649 shares during the quarter. Marathon Asset Management Ltd owned about 0.97% of Cable One worth $19,807,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CABO. Sound Income Strategies LLC acquired a new stake in Cable One in the 4th quarter valued at about $50,000. KBC Group NV raised its position in Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after buying an additional 50 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock worth $60,000 after buying an additional 29 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after buying an additional 220 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in Cable One by 79.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 314 shares of the company's stock valued at $113,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Trading Up 7.8 %

Shares of NYSE:CABO traded up $19.89 during midday trading on Thursday, hitting $273.82. The company had a trading volume of 270,618 shares, compared to its average volume of 106,201. Cable One, Inc. has a 12 month low of $239.29 and a 12 month high of $470.87. 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 stock has a market cap of $1.54 billion, a price-to-earnings ratio of 6.33 and a beta of 0.89. The firm has a fifty day simple moving average of $312.79 and a 200 day simple moving average of $347.05.

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Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $2.95 per share. The ex-dividend date is Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.31%. Cable One's payout ratio is 229.57%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CABO shares. Wells Fargo & Company lowered their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th. KeyCorp lowered their target price on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, 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.

Insider Activity

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the transaction, the director now owns 5,584 shares of the company's stock, valued at $1,362,607.68. The trade was a 21.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Cable One Company 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.