O Shaughnessy Asset Management LLC Makes New $862,000 Investment in Cable One, Inc. (NYSE:CABO)

O Shaughnessy Asset Management LLC purchased a new stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,381 shares of the company's stock, valued at approximately $862,000.

A number of other large investors have also recently modified their holdings of CABO. Arrowstreet Capital Limited Partnership bought a new position in Cable One during the 4th quarter worth about $979,000. Norges Bank purchased a new stake in Cable One during the fourth quarter worth $11,993,000. Caisse Des Depots ET Consignations purchased a new stake in Cable One during the fourth quarter worth $316,000. LPL Financial LLC boosted its position in Cable One by 19.7% during the 4th quarter. LPL Financial LLC now owns 2,154 shares of the company's stock valued at $780,000 after acquiring an additional 355 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Cable One in the 4th quarter valued at $326,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company cut their price objective on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. Finally, KeyCorp reduced their price objective 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 Stock Up 2.1 %

Shares of CABO stock traded up $5.57 during trading hours on Friday, reaching $265.63. 97,153 shares of the company's stock were exchanged, compared to its average volume of 116,825. Cable One, Inc. has a 1 year low of $225.94 and a 1 year high of $437.00. 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 $1.49 billion, a PE ratio of 6.14 and a beta of 1.07. The stock's fifty day moving average price is $266.90 and its two-hundred day moving average price is $329.91.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were paid a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.44%. Cable One's payout ratio is 229.57%.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company's stock.

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.