Aquatic Capital Management LLC lessened its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 77.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,400 shares of the company's stock after selling 8,080 shares during the period. Aquatic Capital Management LLC's holdings in Cable One were worth $869,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. AlphaQuest LLC purchased a new stake in shares of Cable One in the fourth quarter worth approximately $49,000. Sound Income Strategies LLC bought a new stake in Cable One during the fourth quarter worth $50,000. Federated Hermes Inc. raised its position in Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after buying an additional 111 shares during the last quarter. KBC Group NV lifted its stake in Cable One by 45.0% during the 4th quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after acquiring an additional 72 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock worth $95,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 89.92% of the company's stock.
Cable One Stock Performance
Shares of NYSE:CABO traded up $23.13 during mid-day trading on Monday, reaching $175.64. The company had a trading volume of 521,608 shares, compared to its average volume of 118,566. Cable One, Inc. has a one year low of $150.00 and a one 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 company's 50-day moving average price is $258.05 and its 200-day moving average price is $320.52. The firm has a market cap of $988.47 million, a price-to-earnings ratio of 4.07 and a beta of 1.00.
Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. Cable One had a return on equity of 10.98% and a net margin of 15.86%. The firm had revenue of $380.60 million for the quarter, compared to analysts' expectations of $386.61 million. As a group, equities research analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current fiscal year.
Cable One Dividend Announcement
The firm 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 6.72%. The ex-dividend date was Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is currently -470.12%.
Insider Activity at Cable One
In other news, Director Wallace R. Weitz acquired 1,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was 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 owns 5,584 shares of the company's stock, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
CABO has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th. KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a report on Friday. JPMorgan Chase & Co. dropped their price target 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, Raymond James downgraded Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday.
View Our Latest Stock Analysis on CABO
Cable One Company Profile
(
Free Report)
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.
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