Nebula Research & Development LLC Raises Stock Holdings in Cable One, Inc. (NYSE:CABO)

Nebula Research & Development LLC boosted its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 391.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,383 shares of the company's stock after purchasing an additional 2,695 shares during the period. Nebula Research & Development LLC owned approximately 0.06% of Cable One worth $1,225,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Rothschild & Co Wealth Management UK Ltd lifted its stake in Cable One by 1.5% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock worth $106,608,000 after acquiring an additional 4,352 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Cable One by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock valued at $60,386,000 after purchasing an additional 10,211 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Cable One by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock valued at $31,423,000 after buying an additional 7,055 shares during the period. Raymond James Financial Inc. bought a new position in Cable One in the fourth quarter worth about $28,129,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 worth $26,439,000 after buying an additional 2,627 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Performance

CABO traded up $0.78 during trading on Tuesday, hitting $271.63. The company's stock had a trading volume of 80,727 shares, compared to its average volume of 111,814. The business's 50 day simple moving average is $260.98 and its 200-day simple moving average is $323.32. The firm has a market cap of $1.53 billion, a PE ratio of 6.28 and a beta of 1.07. Cable One, Inc. has a one year low of $225.94 and a one year high of $437.00. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were issued a $2.95 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.34%. Cable One's dividend payout ratio is currently 229.57%.

Insider Activity at Cable One

In other news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.