Cable One, Inc. (NYSE:CABO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,607 shares of the company's stock after selling 1,302 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of Cable One worth $4,203,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Landscape Capital Management L.L.C. acquired a new stake in Cable One in the fourth quarter worth about $865,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Cable One during the fourth quarter worth about $862,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Cable One during the fourth quarter worth about $979,000. Norges Bank purchased a new position in Cable One during the fourth quarter valued at approximately $11,993,000. Finally, Caisse Des Depots ET Consignations purchased a new position in Cable One during the fourth quarter valued at approximately $316,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Price Performance

Shares of Cable One stock traded up $0.78 on Tuesday, reaching $271.63. The company's stock had a trading volume of 80,727 shares, compared to its average volume of 111,814. The company has a market capitalization of $1.53 billion, a P/E ratio of 6.28 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 stock has a 50-day moving average price of $260.98 and a 200-day moving average price of $323.32. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is presently 229.57%.

Analyst Upgrades and Downgrades

CABO has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. KeyCorp reduced their price target on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd.

Insider Activity

In other news, Director Wallace R. Weitz purchased 1,000 shares of the stock in a transaction dated 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 directly owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.90% of the company's stock.

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.