Raymond James Financial Inc. Makes New Investment in Cable One, Inc. (NYSE:CABO)

Raymond James Financial Inc. purchased a new position in shares of Cable One, Inc. (NYSE:CABO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 77,678 shares of the company's stock, valued at approximately $28,129,000. Raymond James Financial Inc. owned 1.38% of Cable One at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. AlphaQuest LLC acquired a new stake in Cable One in the fourth quarter worth $49,000. Sound Income Strategies LLC acquired a new position in Cable One during the 4th quarter valued at about $50,000. Public Employees Retirement System of Ohio grew its position in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock worth $60,000 after purchasing an additional 29 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after purchasing an additional 111 shares during the period. Finally, KBC Group NV raised its holdings in shares of Cable One by 45.0% during the fourth quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after buying an additional 72 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Cable One Price Performance

CABO stock traded up $8.98 on Wednesday, hitting $262.13. 17,739 shares of the company's stock traded hands, compared to its average volume of 111,555. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 6.06 and a beta of 1.07. Cable One, Inc. has a 1-year low of $225.94 and a 1-year high of $437.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a fifty day moving average of $263.25 and a 200-day moving average of $325.46.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's dividend payout ratio is presently 229.57%.

Insider Buying and Selling

In other news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction on Tuesday, March 4th. The stock was bought 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 of the company's stock, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CABO shares. KeyCorp decreased their price target on 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. dropped 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, Wells Fargo & Company decreased their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company 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.