Nebula Research & Development LLC Purchases 2,695 Shares of Cable One, Inc. (NYSE:CABO)

Nebula Research & Development LLC grew its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 391.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,383 shares of the company's stock after buying an additional 2,695 shares during the quarter. Nebula Research & Development LLC owned 0.06% of Cable One worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Cable One in the 4th quarter valued at about $28,129,000. Norges Bank purchased a new stake in shares of Cable One in the fourth quarter worth about $11,993,000. Proficio Capital Partners LLC bought a new stake in Cable One during the 4th quarter worth approximately $10,491,000. Dimensional Fund Advisors LP grew its position in shares of Cable One by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock valued at $60,386,000 after purchasing an additional 10,211 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Cable One by 2,535.7% during the fourth quarter. LSV Asset Management now owns 7,380 shares of the company's stock valued at $2,672,000 after buying an additional 7,100 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Trading Up 4.6 %

Shares of CABO opened at $270.15 on Friday. Cable One, Inc. has a fifty-two week low of $225.94 and a fifty-two week high of $437.00. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 6.25 and a beta of 1.07. The firm has a 50 day moving average price of $261.44 and a 200-day moving average price of $324.22. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is presently 229.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CABO. KeyCorp dropped their price target on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company dropped their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd.

Insider Activity at Cable One

In other news, Director Wallace R. Weitz purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now directly owns 5,584 shares of the company's stock, valued at $1,362,607.68. This represents a 21.82 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by company insiders.

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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