Jump Financial LLC trimmed its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 99.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,286 shares of the company's stock after selling 4,503,214 shares during the period. Jump Financial LLC's holdings in Cable One were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Mariner LLC acquired a new stake in shares of Cable One during the 4th quarter valued at about $224,000. Summit Investment Advisors Inc. raised its stake in shares of Cable One by 6.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 590 shares of the company's stock worth $214,000 after buying an additional 37 shares during the period. LSV Asset Management lifted its position in shares of Cable One by 2,535.7% during the 4th quarter. LSV Asset Management now owns 7,380 shares of the company's stock valued at $2,672,000 after buying an additional 7,100 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Cable One in the 4th quarter valued at $28,129,000. Finally, Polymer Capital Management US LLC acquired a new position in Cable One during the fourth quarter worth $264,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Cable One Trading Up 4.6 %
Cable One stock traded up $11.91 during trading on Friday, reaching $270.15. 88,083 shares of the company were exchanged, compared to its average volume of 111,837. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The stock's 50 day simple moving average is $261.44 and its two-hundred day simple moving average is $324.15. The company has a market capitalization of $1.52 billion, a P/E ratio of 6.25 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.
Cable One Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were issued a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's dividend payout ratio is currently 229.57%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company lowered their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. Finally, KeyCorp decreased their price objective on Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a report on Friday, February 28th.
Check Out Our Latest Stock Report on Cable One
Insider Buying and Selling
In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was bought at an average price 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 in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by company insiders.
Cable One Profile
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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.
Further Reading
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