Mission Wealth Management LP Reduces Holdings in Cable One, Inc. (NYSE:CABO)

Mission Wealth Management LP trimmed its position in shares of Cable One, Inc. (NYSE:CABO) by 27.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,210 shares of the company’s stock after selling 447 shares during the quarter. Mission Wealth Management LP’s holdings in Cable One were worth $438,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CABO. Harbor Capital Advisors Inc. increased its position in shares of Cable One by 17.5% during the third quarter. Harbor Capital Advisors Inc. now owns 491 shares of the company’s stock worth $172,000 after purchasing an additional 73 shares in the last quarter. Markel Group Inc. boosted its stake in Cable One by 11.6% during the third quarter. Markel Group Inc. now owns 60,050 shares of the company’s stock worth $21,005,000 after buying an additional 6,250 shares during the last quarter. Covestor Ltd boosted its stake in Cable One by 18.0% during the third quarter. Covestor Ltd now owns 591 shares of the company’s stock worth $207,000 after buying an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Cable One by 24.4% during the third quarter. Crossmark Global Holdings Inc. now owns 1,008 shares of the company’s stock worth $353,000 after buying an additional 198 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Cable One during the third quarter worth $358,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Wallace R. Weitz bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, with a total value of $244,020.00. Following the purchase, the director now owns 5,584 shares in the company, valued at approximately $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 SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Cable One Stock Performance

Shares of Cable One stock opened at $253.43 on Thursday. Cable One, Inc. has a 52 week low of $239.29 and a 52 week high of $470.87. The business’s fifty day simple moving average is $315.10 and its 200-day simple moving average is $347.71. The firm has a market cap of $1.42 billion, a PE ratio of 5.86 and a beta of 0.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be paid a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is presently 229.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. KeyCorp lowered their price objective on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company lowered their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th.

About Cable One

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.