First Manhattan Co. lessened its holdings in shares of Cable One Inc (NYSE:CABO) by 45.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,001 shares of the company’s stock after selling 837 shares during the period. First Manhattan Co.’s holdings in Cable One were worth $704,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CABO. Vanguard Group Inc. lifted its stake in Cable One by 2.1% during the second quarter. Vanguard Group Inc. now owns 382,886 shares of the company’s stock valued at $272,194,000 after purchasing an additional 7,843 shares during the last quarter. State Street Corp lifted its stake in Cable One by 1.3% during the second quarter. State Street Corp now owns 128,000 shares of the company’s stock valued at $90,989,000 after purchasing an additional 1,696 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Cable One by 18.0% during the third quarter. Neuberger Berman Group LLC now owns 81,145 shares of the company’s stock valued at $58,596,000 after purchasing an additional 12,402 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Cable One by 6.0% during the third quarter. Macquarie Group Ltd. now owns 76,367 shares of the company’s stock valued at $55,146,000 after purchasing an additional 4,341 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Cable One by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 73,558 shares of the company’s stock valued at $53,118,000 after purchasing an additional 720 shares during the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Cable One from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Wells Fargo & Co reiterated a “market perform” rating and issued a $741.00 price objective (up previously from $700.00) on shares of Cable One in a research note on Thursday, January 4th. SunTrust Banks reiterated a “buy” rating and issued a $815.00 price objective on shares of Cable One in a research note on Friday, November 10th. JPMorgan Chase & Co. lowered shares of Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. Finally, BidaskClub lowered shares of Cable One from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $789.50.
Cable One Inc (NYSE:CABO) opened at $677.70 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 2.21. Cable One Inc has a 12 month low of $615.98 and a 12 month high of $788.00. The stock has a market cap of $3,822.24, a price-to-earnings ratio of 33.09, a P/E/G ratio of 9.03 and a beta of 0.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Tuesday, February 20th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, February 16th. Cable One’s dividend payout ratio (DPR) is presently 34.18%.
In other news, Chairman Thomas O. Might sold 2,793 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the completion of the transaction, the chairman now directly owns 37,702 shares of the company’s stock, valued at approximately $25,503,140.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas O. Might sold 6,288 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $681.20, for a total transaction of $4,283,385.60. Following the transaction, the insider now directly owns 37,702 shares of the company’s stock, valued at $25,682,602.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,904 shares of company stock valued at $8,223,705. Insiders own 1.30% of the company’s stock.
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About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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