Cable One, Inc. (NYSE:CABO) Shares Sold by Bailard Inc.

Bailard Inc. cut its holdings in shares of Cable One, Inc. (NYSE:CABO) by 58.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,100 shares of the company’s stock after selling 1,529 shares during the period. Bailard Inc.’s holdings in Cable One were worth $398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Rothschild & Co Wealth Management UK Ltd boosted its position in Cable One by 1.5% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after purchasing an additional 4,352 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Cable One by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock valued at $41,342,000 after buying an additional 1,839 shares in the last quarter. Bank of New York Mellon Corp grew its stake in 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 during the period. Markel Group Inc. increased its holdings in Cable One by 11.6% in the 3rd quarter. Markel Group Inc. now owns 60,050 shares of the company’s stock worth $21,005,000 after acquiring an additional 6,250 shares in the last quarter. Finally, Wallace Capital Management Inc. raised its position in Cable One by 7.0% during the third quarter. Wallace Capital Management Inc. now owns 46,724 shares of the company’s stock worth $16,344,000 after acquiring an additional 3,041 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of NYSE CABO opened at $254.07 on Wednesday. The firm has a 50-day simple moving average of $317.39 and a 200-day simple moving average of $348.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 5.88 and a beta of 0.89. Cable One, Inc. has a 52 week low of $239.29 and a 52 week high of $475.00.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be issued a $2.95 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.64%. Cable One’s payout ratio is 229.57%.

Analyst Ratings Changes

Several analysts have recently issued reports on CABO shares. JPMorgan Chase & Co. dropped their target price on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research report on Monday. KeyCorp lowered their price objective 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, Wells Fargo & Company cut their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $457.20.

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.