Cable One, Inc. (NYSE:CABO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Cable One, Inc. (NYSE:CABO) by 10.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 492 shares of the company’s stock after selling 55 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cable One were worth $273,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CABO. Capital International Investors increased its stake in Cable One by 74.9% in the 1st quarter. Capital International Investors now owns 204,285 shares of the company’s stock valued at $300,489,000 after buying an additional 87,503 shares during the period. Norges Bank acquired a new position in Cable One in the 4th quarter valued at $33,659,000. Burgundy Asset Management Ltd. increased its stake in Cable One by 24.8% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock valued at $95,484,000 after buying an additional 30,831 shares during the period. River Road Asset Management LLC increased its stake in Cable One by 20.4% in the 3rd quarter. River Road Asset Management LLC now owns 111,388 shares of the company’s stock valued at $68,575,000 after buying an additional 18,896 shares during the period. Finally, London Co. of Virginia increased its stake in Cable One by 33.4% in the 3rd quarter. London Co. of Virginia now owns 69,619 shares of the company’s stock valued at $42,860,000 after buying an additional 17,420 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CABO has been the topic of a number of recent analyst reports. Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target on the stock in a research note on Tuesday, March 5th. KeyCorp lowered their price target on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Finally, Wells Fargo & Company lowered their price target on shares of Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Cable One currently has a consensus rating of “Hold” and a consensus target price of $627.80.

Insider Activity

In other news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the transaction, the insider now owns 1,854 shares of the company’s stock, valued at approximately $852,840. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Cable One Price Performance

Cable One stock opened at $386.76 on Friday. Cable One, Inc. has a 52 week low of $373.37 and a 52 week high of $768.75. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94. The firm’s 50-day simple moving average is $447.73 and its 200 day simple moving average is $524.01. The firm has a market capitalization of $2.17 billion, a PE ratio of 8.56 and a beta of 0.80.

Cable One (NYSE:CABO) last released its earnings results on Thursday, February 22nd. The company reported $10.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). The firm had revenue of $411.82 million during the quarter, compared to analysts’ expectations of $417.66 million. Cable One had a net margin of 15.94% and a return on equity of 13.65%. On average, equities research analysts predict that Cable One, Inc. will post 43.36 EPS for the current fiscal year.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Friday, February 16th. Cable One’s dividend payout ratio is currently 26.12%.

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.