O Shaughnessy Asset Management LLC Invests $862,000 in Cable One, Inc. (NYSE:CABO)

O Shaughnessy Asset Management LLC purchased a new stake in shares of Cable One, Inc. (NYSE:CABO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,381 shares of the company’s stock, valued at approximately $862,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CABO. Rothschild & Co Wealth Management UK Ltd increased its stake in shares of Cable One by 1.5% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock valued at $106,608,000 after acquiring an additional 4,352 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Cable One by 1.6% in the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after purchasing an additional 1,839 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock worth $31,423,000 after buying an additional 7,055 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Cable One during the 4th quarter worth about $28,129,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Cable One by 3.7% in 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. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. KeyCorp decreased their target price on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company dropped their price target on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research report on Friday, February 28th.

Insider Buying and Selling at Cable One

In other news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price 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 approximately $1,362,607.68. The trade was a 21.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Cable One Price Performance

NYSE:CABO opened at $251.10 on Tuesday. 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, Inc. has a 12-month low of $225.94 and a 12-month high of $437.00. The stock’s 50 day moving average price is $272.93 and its two-hundred day moving average price is $333.44. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 5.81 and a beta of 1.07.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were given a dividend of $2.95 per share. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.70%. Cable One’s dividend payout ratio (DPR) is 229.57%.

Cable One Company 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.