Cable One, Inc. (NYSE:CABO) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its holdings in shares of Cable One, Inc. (NYSE:CABO) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159 shares of the company’s stock after selling 53 shares during the quarter. Signaturefd LLC’s holdings in Cable One were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Cable One during the fourth quarter worth $28,129,000. Proficio Capital Partners LLC purchased a new position in Cable One during the 4th quarter valued at about $10,491,000. Point72 Asset Management L.P. grew its position in Cable One by 476.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 9,000 shares of the company’s stock valued at $3,148,000 after acquiring an additional 7,440 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Cable One by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock valued at $31,423,000 after acquiring an additional 7,055 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd lifted its position in shares of Cable One by 1.5% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after purchasing an additional 4,352 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the transaction, the director now owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

Cable One Trading Down 0.3 %

Shares of NYSE:CABO opened at $255.40 on Tuesday. Cable One, Inc. has a 52 week low of $225.94 and a 52 week high of $441.00. The company’s 50 day moving average is $286.10 and its two-hundred day moving average is $338.33. The company has a market cap of $1.44 billion, a PE ratio of 5.91 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

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 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Tuesday, February 18th. Cable One’s dividend payout ratio is presently 229.57%.

Analyst Ratings Changes

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

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.