EntryPoint Capital LLC Sells 343 Shares of Cable One, Inc. (NYSE:CABO)

EntryPoint Capital LLC reduced its holdings in shares of Cable One, Inc. (NYSE:CABO) by 36.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 606 shares of the company’s stock after selling 343 shares during the period. EntryPoint Capital LLC’s holdings in Cable One were worth $219,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CABO. LPL Financial LLC lifted its position in shares of Cable One by 19.7% during the fourth quarter. LPL Financial LLC now owns 2,154 shares of the company’s stock worth $780,000 after purchasing an additional 355 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Cable One in the 4th quarter worth about $326,000. Intech Investment Management LLC lifted its holdings in Cable One by 66.8% during the 4th quarter. Intech Investment Management LLC now owns 1,830 shares of the company’s stock valued at $663,000 after buying an additional 733 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Cable One in the 4th quarter valued at about $221,000. Finally, Commonwealth Equity Services LLC bought a new position in Cable One in the 4th quarter worth about $418,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

Shares of CABO stock opened at $268.28 on Friday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 6.20 and a beta of 0.93. Cable One, Inc. has a 52-week low of $225.94 and a 52-week high of $437.00. 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 company’s 50 day moving average is $281.14 and its 200 day moving average is $336.43.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were given a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Tuesday, February 18th. Cable One’s payout ratio is 229.57%.

Insider Buying and Selling

In other news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CABO shares. KeyCorp decreased 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 note on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. 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 research note on Friday, February 28th.

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.