Speece Thorson Capital Group Inc. Reduces Stock Holdings in Cable One, Inc. (NYSE:CABO)

Speece Thorson Capital Group Inc. trimmed its position in Cable One, Inc. (NYSE:CABO - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,292 shares of the company's stock after selling 1,056 shares during the quarter. Speece Thorson Capital Group Inc. owned approximately 0.47% of Cable One worth $9,521,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. MetLife Investment Management LLC increased its stake in Cable One by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 3,448 shares of the company's stock worth $1,249,000 after acquiring an additional 189 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cable One by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock worth $60,386,000 after purchasing an additional 10,211 shares during the last quarter. Forum Financial Management LP purchased a new stake in Cable One in the fourth quarter valued at approximately $630,000. Farringdon Capital Ltd. bought a new stake in Cable One during the fourth quarter valued at approximately $236,000. Finally, Mariner LLC purchased a new position in Cable One in the 4th quarter worth approximately $224,000. 89.92% of the stock is currently owned by institutional investors.

Cable One Trading Up 4.6 %

Shares of CABO stock traded up $11.77 on Friday, hitting $270.01. 32,699 shares of the company's stock traded hands, compared to its average volume of 111,615. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 6.26 and a beta of 1.07. The company's fifty day simple moving average is $261.83 and its 200 day simple moving average is $324.50. Cable One, Inc. has a one year low of $225.94 and a one year high of $437.00.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is presently 229.57%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CABO shares. JPMorgan Chase & Co. dropped their price objective on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. KeyCorp lowered their price target 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. Finally, Wells Fargo & Company cut their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th.

Insider Buying and Selling at Cable One

In other news, Director Wallace R. Weitz acquired 1,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, the director now owns 5,584 shares of the company's stock, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company's stock.

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.