Bridges Investment Management Inc. Sells 1,081 Shares of Cable One, Inc. (NYSE:CABO)

Bridges Investment Management Inc. decreased its holdings in shares of Cable One, Inc. (NYSE:CABO) by 52.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 987 shares of the company’s stock after selling 1,081 shares during the period. Bridges Investment Management Inc.’s holdings in Cable One were worth $357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio increased its stake in shares of 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. Sanctuary Advisors LLC increased its stake in shares of Cable One by 3.1% during the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock valued at $505,000 after purchasing an additional 43 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Cable One by 15.5% during the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after purchasing an additional 46 shares in the last quarter. KBC Group NV increased its stake in shares of Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after purchasing an additional 50 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in shares of Cable One by 2.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock valued at $974,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of CABO opened at $241.98 on Tuesday. The company has a market capitalization of $1.36 billion, a P/E ratio of 5.60 and a beta of 0.89. 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 has a 50 day moving average of $319.90 and a 200 day moving average of $349.37. Cable One, Inc. has a twelve month low of $240.55 and a twelve month high of $475.00.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be given a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is presently 229.57%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CABO. Wells Fargo & Company decreased their target price 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. KeyCorp reduced their price target 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cable One currently has a consensus rating of “Hold” and an average price target of $457.20.

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.