Cable One, Inc. (NYSE:CABO) Shares Acquired by Markel Group Inc.

Markel Group Inc. increased its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 11.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,050 shares of the company's stock after buying an additional 6,250 shares during the quarter. Markel Group Inc. owned about 1.07% of Cable One worth $21,005,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in shares of Cable One by 50.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 759 shares of the company's stock valued at $321,000 after purchasing an additional 253 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in Cable One by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company's stock worth $1,681,000 after acquiring an additional 51 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Cable One by 240.3% in the 1st quarter. Quantbot Technologies LP now owns 1,021 shares of the company's stock worth $432,000 after purchasing an additional 721 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Cable One by 22.7% during the first quarter. Inspire Investing LLC now owns 850 shares of the company's stock worth $360,000 after purchasing an additional 157 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Cable One in the first quarter worth about $311,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on Cable One from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Cable One has an average rating of "Hold" and a consensus price target of $533.33.

Cable One Stock Performance

Shares of Cable One stock traded up $15.99 on Friday, reaching $402.57. 193,732 shares of the company were exchanged, compared to its average volume of 95,834. Cable One, Inc. has a 1-year low of $311.28 and a 1-year high of $592.98. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 9.48 and a beta of 0.84. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81. The company's 50-day moving average is $347.49 and its two-hundred day moving average is $362.66.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 2.93%. Cable One's payout ratio is currently 27.78%.

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.