Massachusetts Financial Services Co. MA Has $19.02 Million Holdings in Cable One, Inc. (NYSE:CABO)

Massachusetts Financial Services Co. MA decreased its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,512 shares of the company's stock after selling 2,655 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.93% of Cable One worth $19,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CABO. AlphaQuest LLC acquired a new stake in shares of Cable One in the fourth quarter valued at approximately $49,000. Sound Income Strategies LLC bought a new position in Cable One in the 4th quarter valued at $50,000. Public Employees Retirement System of Ohio increased its stake in shares of Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock valued at $60,000 after buying an additional 29 shares during the period. KBC Group NV raised its position in shares of Cable One by 45.0% during the fourth quarter. KBC Group NV now owns 232 shares of the company's stock worth $84,000 after acquiring an additional 72 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Cable One by 523.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Buying and Selling

In other news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the transaction, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is owned by insiders.

Cable One Trading Up 2.1 %

NYSE CABO traded up $5.57 on Friday, reaching $265.63. The company had a trading volume of 97,153 shares, compared to its average volume of 116,825. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a 52 week low of $225.94 and a 52 week high of $437.00. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 6.14 and a beta of 1.07. The stock's 50 day moving average is $266.90 and its 200-day moving average is $329.91.

Cable One Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 4.44%. Cable One's dividend payout ratio (DPR) is presently 229.57%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CABO shares. JPMorgan Chase & Co. lowered their price objective on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research 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 price target on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research note 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.