Three Seasons Wealth LLC Makes New $447,000 Investment in Cable One, Inc. (NYSE:CABO)

Three Seasons Wealth LLC acquired a new position in shares of Cable One, Inc. (NYSE:CABO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,234 shares of the company's stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in Cable One during the 4th quarter valued at about $28,129,000. Charles Schwab Investment Management Inc. grew its stake in Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock valued at $31,423,000 after acquiring an additional 7,055 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Cable One by 5.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company's stock valued at $8,568,000 after acquiring an additional 1,297 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Cable One during the 4th quarter valued at about $10,491,000. Finally, Bank of New York Mellon Corp grew its stake in Cable One by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock valued at $26,439,000 after acquiring an additional 2,627 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Buying and Selling

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the acquisition, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

CABO has been the subject of several recent research reports. KeyCorp lowered their price target on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Wells Fargo & Company lowered their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered 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.

Cable One Stock Performance

CABO traded down $8.29 on Wednesday, hitting $263.75. The company had a trading volume of 71,678 shares, compared to its average volume of 111,668. The company's fifty day moving average price is $260.98 and its 200 day moving average price is $323.32. Cable One, Inc. has a 1-year low of $225.94 and a 1-year high of $437.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 6.10 and a beta of 1.07.

Cable One Announces Dividend

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 of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.47%. Cable One's dividend payout ratio (DPR) is currently 229.57%.

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.