Renaissance Technologies LLC Reduces Position in Cable One, Inc. (NYSE:CABO)

Renaissance Technologies LLC trimmed its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 31.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,800 shares of the company's stock after selling 17,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.67% of Cable One worth $13,688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CABO. Public Employees Retirement System of Ohio grew its holdings in shares of Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock worth $60,000 after buying an additional 29 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Cable One by 3.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company's stock valued at $505,000 after purchasing an additional 43 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Cable One by 15.5% in the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company's stock valued at $124,000 after purchasing an additional 46 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Cable One by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company's stock valued at $974,000 after purchasing an additional 61 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Cable One by 18.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock worth $151,000 after purchasing an additional 65 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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 cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the acquisition, the director now owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CABO. KeyCorp lowered their price objective on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company lowered their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a report on Monday, March 3rd.

Cable One Price Performance

NYSE:CABO traded up $7.18 during trading hours on Friday, hitting $255.48. The company's stock had a trading volume of 82,590 shares, compared to its average volume of 112,075. The company has a market capitalization of $1.44 billion, a PE ratio of 5.91 and a beta of 1.07. Cable One, Inc. has a 52-week low of $225.94 and a 52-week high of $437.00. The business's 50-day moving average is $264.35 and its two-hundred day moving average is $326.60. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were paid a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is 229.57%.

Cable One Company 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.