Three Seasons Wealth LLC Acquires New Position in Cable One, Inc. (NYSE:CABO)

Three Seasons Wealth LLC purchased a new stake in Cable One, Inc. (NYSE:CABO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,234 shares of the company's stock, valued at approximately $447,000.

A number of other hedge funds have also modified their holdings of the business. AlphaQuest LLC purchased a new position in shares of Cable One during the 4th quarter worth $49,000. Sound Income Strategies LLC purchased a new position in shares of Cable One during the 4th quarter worth $50,000. Federated Hermes Inc. grew its holdings in shares of Cable One by 201.8% during the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after purchasing an additional 111 shares during the period. KBC Group NV boosted its holdings in Cable One by 45.0% during the 4th quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after acquiring an additional 72 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Cable One by 523.8% during the 4th 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. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Performance

CABO traded up $1.94 during trading on Monday, hitting $271.82. 105,452 shares of the stock were exchanged, compared to its average volume of 111,811. The firm has a market capitalization of $1.53 billion, a P/E ratio of 6.29 and a beta of 1.07. Cable One, Inc. has a 1-year low of $225.94 and a 1-year high of $437.00. The stock has a fifty day moving average price of $261.14 and a two-hundred day moving average price of $323.68. 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 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 issued a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's payout ratio is currently 229.57%.

Insider Activity

In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of Cable One stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the acquisition, the director now owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented 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 report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Finally, KeyCorp decreased their price objective on 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.