Caisse Des Depots ET Consignations Acquires Shares of 874 Cable One, Inc. (NYSE:CABO)

Caisse Des Depots ET Consignations bought a new position in shares of Cable One, Inc. (NYSE:CABO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 874 shares of the company’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after acquiring an additional 29 shares during the period. Sanctuary Advisors LLC grew its position 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 worth $505,000 after purchasing an additional 43 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Cable One by 15.5% during the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after purchasing an additional 46 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Cable One by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock valued at $974,000 after buying an additional 61 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Cable One by 18.4% in the fourth 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. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Cable One

In related news, Director Wallace R. Weitz bought 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, the director now directly owns 5,584 shares of the company’s stock, valued at approximately $1,362,607.68. This represents a 21.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. 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 note on Friday, February 28th. KeyCorp decreased their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price objective 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, March 3rd.

Cable One Stock Up 0.1 %

NYSE CABO opened at $273.60 on Friday. Cable One, Inc. has a fifty-two week low of $225.94 and a fifty-two week high of $437.00. The business has a fifty day moving average price of $282.40 and a two-hundred day moving average price of $336.87. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $1.54 billion, a PE ratio of 6.33 and a beta of 0.93.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were paid a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 4.31%. The ex-dividend date was Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is presently 229.57%.

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.