33,120 Shares in Cable One, Inc. (NYSE:CABO) Bought by Norges Bank

Norges Bank acquired a new position in shares of Cable One, Inc. (NYSE:CABO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 33,120 shares of the company's stock, valued at approximately $11,993,000. Norges Bank owned 0.59% of Cable One at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in shares of Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock valued at $60,000 after purchasing an additional 29 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Cable One by 3.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company's stock valued at $505,000 after buying an additional 43 shares in the last quarter. Global Retirement Partners LLC increased its position in Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company's stock worth $124,000 after buying an additional 46 shares during the period. Illinois Municipal Retirement Fund increased its position in Cable One by 2.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company's stock worth $974,000 after buying an additional 61 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Cable One by 18.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock worth $151,000 after buying an additional 65 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. KeyCorp lowered 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 report on Friday, February 28th. Wells Fargo & Company lowered their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut 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.

Insider Activity at Cable One

In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased 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 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Cable One Price Performance

CABO traded up $5.57 on Friday, hitting $265.63. 97,153 shares of the stock were exchanged, compared to its average volume of 116,825. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.14 and a beta of 1.07. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. Cable One, Inc. has a 12 month low of $225.94 and a 12 month high of $437.00. The business has a 50-day moving average of $266.90 and a two-hundred day moving average of $329.91.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.44%. Cable One's dividend payout ratio is 229.57%.

Cable One Company 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.