Cable One, Inc. (NYSE:CABO) Position Raised by LSV Asset Management

LSV Asset Management grew its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 2,535.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,380 shares of the company's stock after acquiring an additional 7,100 shares during the quarter. LSV Asset Management owned about 0.13% of Cable One worth $2,672,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. AlphaQuest LLC acquired a new stake in Cable One in the 4th quarter valued at $49,000. Sound Income Strategies LLC purchased a new stake in shares of Cable One during the 4th quarter valued at about $50,000. Public Employees Retirement System of Ohio lifted its position in Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock worth $60,000 after acquiring an additional 29 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after acquiring an additional 111 shares during the period. Finally, KBC Group NV grew its position in Cable One by 45.0% in the fourth 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. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cable One

In other news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Cable One Stock Up 2.9 %

CABO traded up $7.18 during trading on Friday, hitting $255.48. The company had a trading volume of 82,590 shares, compared to its average volume of 112,075. Cable One, Inc. has a 1-year low of $225.94 and a 1-year high of $437.00. 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 company has a market cap of $1.44 billion, a PE ratio of 5.91 and a beta of 1.07. The business has a 50-day moving average of $264.35 and a 200-day moving average of $326.60.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were paid a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.62%. Cable One's dividend payout ratio (DPR) is 229.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CABO shares. JPMorgan Chase & Co. decreased 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 decreased their price objective on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. Finally, KeyCorp dropped their target price on Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th.

About Cable One

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.