Cable One, Inc. (NYSE:CABO) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP decreased its position in shares of Cable One, Inc. (NYSE:CABO) by 27.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,210 shares of the company’s stock after selling 447 shares during the period. Mission Wealth Management LP’s holdings in Cable One were worth $438,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in Cable One during the 4th quarter worth about $10,491,000. Eagle Asset Management Inc. increased its holdings in Cable One by 24.9% during the 3rd 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 period. Point72 Asset Management L.P. increased its holdings 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 purchasing an additional 7,440 shares during the period. Markel Group Inc. increased its holdings in Cable One by 11.6% during the 3rd quarter. Markel Group Inc. now owns 60,050 shares of the company’s stock worth $21,005,000 after purchasing an additional 6,250 shares during the period. Finally, Speece Thorson Capital Group Inc. increased its holdings in Cable One by 24.6% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock worth $9,566,000 after purchasing an additional 5,394 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

CABO has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a report on Monday. KeyCorp cut their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, Wells Fargo & Company cut their price target on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th.

Cable One Trading Down 0.4 %

CABO opened at $253.43 on Thursday. Cable One, Inc. has a one year low of $239.29 and a one year high of $470.87. The company has a market cap of $1.42 billion, a P/E ratio of 5.86 and a beta of 0.89. 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 business’s 50-day simple moving average is $315.10 and its 200-day simple moving average is $347.71.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be issued a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.66%. Cable One’s payout ratio is currently 229.57%.

Insider Activity

In other news, Director Wallace R. Weitz bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

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.