Quadrant Capital Group LLC Sells 118 Shares of Cable One, Inc. (NYSE:CABO)

Quadrant Capital Group LLC trimmed its position in shares of Cable One, Inc. (NYSE:CABO) by 28.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295 shares of the company’s stock after selling 118 shares during the period. Quadrant Capital Group LLC’s holdings in Cable One were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after buying an additional 29 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Cable One by 3.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock valued at $505,000 after purchasing an additional 43 shares during the period. Global Retirement Partners LLC lifted its holdings in Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after purchasing an additional 46 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Cable One by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock worth $974,000 after purchasing an additional 61 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Cable One by 18.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock valued at $151,000 after buying an additional 65 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Price Performance

CABO opened at $264.62 on Thursday. 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 $1.49 billion, a PE ratio of 6.12 and a beta of 1.07. The stock’s 50 day moving average price is $267.83 and its 200-day moving average price is $331.05. Cable One, Inc. has a 52-week low of $225.94 and a 52-week high of $437.00.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were paid a $2.95 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.46%. Cable One’s payout ratio is 229.57%.

Insider Buying and Selling

In other news, Director Wallace R. Weitz purchased 1,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the acquisition, the director now directly owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CABO shares. 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 report on Friday, February 28th. KeyCorp lowered their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price objective on Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a report on Monday, March 3rd.

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.