Proficio Capital Partners LLC acquired a new position in shares of Cable One, Inc. (NYSE:CABO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,970 shares of the company's stock, valued at approximately $10,491,000. Proficio Capital Partners LLC owned approximately 0.52% of Cable One at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Eagle Asset Management Inc. grew its holdings in shares of Cable One by 24.9% during the third quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company's stock worth $15,029,000 after purchasing an additional 8,563 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Cable One by 476.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 9,000 shares of the company's stock worth $3,148,000 after buying an additional 7,440 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after acquiring an additional 7,055 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd increased its position in Cable One by 1.5% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock valued at $106,608,000 after acquiring an additional 4,352 shares during the period. Finally, Wallace Capital Management Inc. raised its stake in shares of Cable One by 7.0% during the third quarter. Wallace Capital Management Inc. now owns 46,724 shares of the company's stock valued at $16,344,000 after acquiring an additional 3,041 shares during the last quarter. Institutional investors own 89.92% of the company's stock.
Insiders Place Their Bets
In related 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 bought 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 of the company's stock, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Finally, KeyCorp decreased their target price on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, February 28th.
Get Our Latest Stock Analysis on CABO
Cable One Trading Up 1.4 %
Shares of CABO stock traded up $3.46 during mid-day trading on Wednesday, hitting $250.30. The company's stock had a trading volume of 63,509 shares, compared to its average volume of 109,612. The company has a market cap of $1.41 billion, a PE ratio of 5.79 and a beta of 0.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company's fifty day simple moving average is $293.74 and its 200-day simple moving average is $341.09. Cable One, Inc. has a 52 week low of $225.94 and a 52 week high of $452.72.
Cable One Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were paid a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 4.71%. The ex-dividend date was Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is presently 229.57%.
Cable One Company Profile
(
Free Report)
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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