1,740 Shares in Cable One, Inc. (NYSE:CABO) Acquired by Forum Financial Management LP

Forum Financial Management LP bought a new position in Cable One, Inc. (NYSE:CABO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,740 shares of the company's stock, valued at approximately $630,000.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Cable One during the fourth quarter worth approximately $28,129,000. Charles Schwab Investment Management Inc. increased its position in shares of Cable One by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock valued at $31,423,000 after acquiring an additional 7,055 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in Cable One by 5.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company's stock valued at $8,568,000 after acquiring an additional 1,297 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Cable One during the fourth quarter worth about $10,491,000. Finally, Bank of New York Mellon Corp raised its stake in Cable One by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock valued at $26,439,000 after buying an additional 2,627 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. KeyCorp decreased their price target on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective 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 target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th.

Insider Buying and Selling

In related news, Director Wallace R. Weitz bought 1,000 shares of the business's 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 acquisition, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Cable One Price Performance

NYSE CABO traded up $9.84 during trading on Friday, hitting $268.08. 20,374 shares of the company's stock were exchanged, compared to its average volume of 141,241. The stock's 50 day moving average price is $261.83 and its two-hundred day moving average price is $324.50. Cable One, Inc. has a fifty-two week low of $225.94 and a fifty-two week high of $436.99. 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 has a market cap of $1.51 billion, a PE ratio of 6.20 and a beta of 1.07.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's payout ratio is 229.57%.

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.