KLP Kapitalforvaltning AS Purchases Shares of 900 Cable One, Inc. (NYSE:CABO)

KLP Kapitalforvaltning AS acquired a new position in shares of Cable One, Inc. (NYSE:CABO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 900 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Cable One during the fourth quarter worth $28,129,000. Charles Schwab Investment Management Inc. increased its position in shares of Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock worth $31,423,000 after purchasing an additional 7,055 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in 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 purchasing an additional 1,297 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Cable One in the fourth quarter valued at about $10,491,000. Finally, Bank of New York Mellon Corp grew its stake in Cable One by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company’s stock worth $26,439,000 after buying an additional 2,627 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the purchase, the director now owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Cable One Stock Down 4.7 %

Shares of CABO opened at $254.65 on Friday. The business’s fifty day moving average price is $274.75 and its two-hundred day moving average price is $334.19. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 5.89 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 debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were given a $2.95 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.63%. Cable One’s payout ratio is 229.57%.

Analysts Set New Price Targets

Several brokerages have recently commented on CABO. Wells Fargo & Company reduced their target price on 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. decreased their target price on Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Finally, KeyCorp cut their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a report 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.