Private Management Group Inc. Purchases New Position in Cable One, Inc. (NYSE:CABO)

Private Management Group Inc. bought a new stake in Cable One, Inc. (NYSE:CABO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,895 shares of the company's stock, valued at approximately $4,951,000. Private Management Group Inc. owned 0.16% of Cable One as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund purchased a new stake in Cable One in the fourth quarter valued at approximately $617,000. California Public Employees Retirement System increased its position in shares of Cable One by 1.2% during the fourth quarter. California Public Employees Retirement System now owns 13,078 shares of the company's stock worth $7,279,000 after acquiring an additional 158 shares during the period. Federated Hermes Inc. increased its position in shares of Cable One by 3.2% during the fourth quarter. Federated Hermes Inc. now owns 4,492 shares of the company's stock worth $2,500,000 after acquiring an additional 138 shares during the period. Cornercap Investment Counsel Inc. increased its position in shares of Cable One by 81.3% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 2,799 shares of the company's stock worth $1,558,000 after acquiring an additional 1,255 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Cable One during the fourth quarter worth $724,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Stock Down 1.2 %

NYSE:CABO traded down $4.72 during trading hours on Wednesday, hitting $402.70. The company's stock had a trading volume of 88,875 shares, compared to its average volume of 106,905. The stock has a market capitalization of $2.26 billion, a P/E ratio of 8.91 and a beta of 0.80. The stock has a fifty day moving average of $433.79 and a 200-day moving average of $512.98. 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, Inc. has a 52-week low of $373.37 and a 52-week high of $768.75.

Cable One (NYSE:CABO - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing the consensus estimate of $12.86 by ($2.20). The business 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%. On average, equities analysts forecast that Cable One, Inc. will post 43.36 earnings per share for the current year.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, February 16th. Cable One's payout ratio is 26.12%.

Insiders Place Their Bets

In other Cable One news, insider Christopher D. Boone sold 204 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the transaction, the insider now owns 1,854 shares of the company's stock, valued at $852,840. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CABO shares. Wells Fargo & Company cut their price objective on Cable One from $460.00 to $400.00 and set an "underweight" rating on the stock in a research report on Friday, April 5th. Moffett Nathanson raised Cable One from a "neutral" rating to a "buy" rating and set a $615.00 price objective on the stock in a research report on Tuesday, March 5th. Finally, KeyCorp cut their price objective on Cable One from $900.00 to $881.00 and set an "overweight" rating on the stock in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Cable One currently has an average rating of "Hold" and a consensus price target of $627.80.

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.