Cable One, Inc. (NYSE:CABO) Director Acquires $244,020.00 in Stock

Cable One, Inc. (NYSE:CABO) Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the purchase, the director now directly owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cable One Price Performance

Cable One stock opened at $273.82 on Friday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 6.33 and a beta of 0.89. Cable One, Inc. has a 52-week low of $239.29 and a 52-week high of $470.87. The stock’s 50 day moving average price is $312.79 and its two-hundred day moving average price is $347.05. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One’s payout ratio is 229.57%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CABO. Wells Fargo & Company decreased their target price on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research report on Monday. Finally, 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 report on Friday, February 28th.

Hedge Funds Weigh In On Cable One

Institutional investors and hedge funds have recently modified their holdings of the business. AlphaQuest LLC bought a new position in shares of Cable One during the 4th quarter worth approximately $49,000. Sound Income Strategies LLC bought a new position in shares of Cable One during the 4th quarter worth approximately $50,000. KBC Group NV boosted its holdings in shares of Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after buying an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after buying an additional 29 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Cable One by 201.8% during the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock worth $60,000 after buying an additional 111 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.