Wallace R. Weitz Buys 1,000 Shares of Cable One, Inc. (NYSE:CABO) Stock

Cable One, Inc. (NYSE:CABO) Director Wallace R. Weitz purchased 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Cable One Trading Down 0.4 %

Shares of Cable One stock opened at $253.43 on Thursday. The firm has a market capitalization of $1.42 billion, a PE ratio of 5.86 and a beta of 0.89. Cable One, Inc. has a twelve month low of $239.29 and a twelve month high of $470.87. The firm’s 50-day moving average price is $315.10 and its 200 day moving average price is $347.71. 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Speece Thorson Capital Group Inc. lifted its stake in Cable One by 24.6% in 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 in the last quarter. Hantz Financial Services Inc. raised its position in shares of Cable One by 116.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock valued at $1,573,000 after buying an additional 2,419 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Cable One by 5.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company’s stock valued at $8,568,000 after buying an additional 1,297 shares during the period. MetLife Investment Management LLC raised its position in shares of Cable One by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock valued at $1,140,000 after buying an additional 1,836 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Cable One by 4.9% during the 4th quarter. Principal Financial Group Inc. now owns 28,572 shares of the company’s stock valued at $10,346,000 after buying an additional 1,332 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.