Quantbot Technologies LP Sells 209 Shares of Cable One, Inc. (NYSE:CABO)

Quantbot Technologies LP reduced its position in Cable One, Inc. (NYSE:CABO) by 28.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 518 shares of the company’s stock after selling 209 shares during the period. Quantbot Technologies LP’s holdings in Cable One were worth $188,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new stake in Cable One during the 4th quarter valued at $49,000. Sound Income Strategies LLC purchased a new stake in shares of Cable One during the 4th quarter worth $50,000. Public Employees Retirement System of Ohio boosted its position in Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after purchasing an additional 29 shares in the last quarter. KBC Group NV grew its stake in Cable One by 45.0% in the fourth quarter. KBC Group NV now owns 232 shares of the company’s stock valued at $84,000 after purchasing an additional 72 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after purchasing an additional 220 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CABO. Wells Fargo & Company lowered their price target on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on shares of 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 reduced their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Cable One Stock Performance

CABO opened at $268.28 on Monday. The company has a market cap of $1.51 billion, a P/E ratio of 6.20 and a beta of 0.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm’s 50-day moving average price is $281.14 and its 200-day moving average price is $336.58. Cable One, Inc. has a 52-week low of $225.94 and a 52-week high of $437.00.

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 was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.40%. Cable One’s payout ratio is 229.57%.

About Cable One

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.