Cable One, Inc. (NYSE:CABO) Position Trimmed by River Road Asset Management LLC

River Road Asset Management LLC lowered its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 32.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 75,043 shares of the company's stock after selling 36,345 shares during the quarter. River Road Asset Management LLC owned 1.34% of Cable One worth $41,768,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CABO. Capital International Investors grew its stake in Cable One by 74.9% in the 1st quarter. Capital International Investors now owns 204,285 shares of the company's stock valued at $300,489,000 after acquiring an additional 87,503 shares during the period. Norges Bank acquired a new stake in Cable One during the 4th quarter worth $33,659,000. Burgundy Asset Management Ltd. boosted its stake in Cable One by 24.8% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company's stock worth $95,484,000 after purchasing an additional 30,831 shares during the last quarter. London Co. of Virginia boosted its stake in Cable One by 33.4% during the 3rd quarter. London Co. of Virginia now owns 69,619 shares of the company's stock worth $42,860,000 after purchasing an additional 17,420 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Cable One by 27.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 58,719 shares of the company's stock worth $36,150,000 after purchasing an additional 12,780 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Trading Up 1.7 %

CABO traded up $6.61 on Wednesday, hitting $393.61. The company had a trading volume of 74,611 shares, compared to its average volume of 90,184. The firm has a market cap of $2.21 billion, a P/E ratio of 8.71 and a beta of 0.80. Cable One, Inc. has a 1 year low of $373.37 and a 1 year high of $768.75. The company's fifty day moving average price is $441.17 and its 200 day moving average price is $519.44. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.94.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.86 by ($2.20). The company had revenue of $411.82 million during the quarter, compared to analysts' expectations of $417.66 million. Cable One had a net margin of 15.94% and a return on equity of 13.65%. As a group, equities analysts expect that Cable One, Inc. will post 43.36 earnings per share for the current year.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $2.95 dividend. The ex-dividend date was Friday, February 16th. This represents a $11.80 annualized dividend and a yield of 3.00%. Cable One's dividend payout ratio (DPR) is currently 26.12%.

Analysts Set New Price Targets

CABO has been the topic of several recent research reports. KeyCorp lowered their target price on shares of Cable One from $900.00 to $881.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. Wells Fargo & Company lowered their price target on shares of Cable One from $460.00 to $400.00 and set an "underweight" rating on the stock in a research report on Friday, April 5th. Finally, Moffett Nathanson raised shares of Cable One from a "neutral" rating to a "buy" rating and set a $615.00 price target on the stock in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $627.80.

Insider Activity at Cable One

In related news, insider Christopher D. Boone sold 204 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total value of $93,840.00. Following the sale, the insider now directly owns 1,854 shares in the company, valued at approximately $852,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

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.