DF Dent & Co. Inc. Has $205,000 Stake in Cable One, Inc. (NYSE:CABO)

DF Dent & Co. Inc. reduced its position in shares of Cable One, Inc. (NYSE:CABO) by 22.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 566 shares of the company’s stock after selling 165 shares during the quarter. DF Dent & Co. Inc.’s holdings in Cable One were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of 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 buying an additional 29 shares in the last quarter. Sanctuary Advisors LLC increased its position in Cable One by 3.1% during the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after acquiring an additional 43 shares during the period. Global Retirement Partners LLC raised its stake in Cable One by 15.5% in the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after purchasing an additional 46 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Cable One by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock valued at $974,000 after purchasing an additional 61 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Cable One by 18.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock worth $151,000 after purchasing an additional 65 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. KeyCorp dropped their price target 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. Wells Fargo & Company cut their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their target price on Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd.

Insider Transactions at Cable One

In related news, Director Wallace R. Weitz purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $244.02 per share, with a total value of $244,020.00. Following the acquisition, the director now owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This trade represents a 21.82 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

Cable One Stock Performance

Shares of NYSE:CABO opened at $266.29 on Friday. Cable One, Inc. has a 1 year low of $225.94 and a 1 year high of $437.00. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 6.16 and a beta of 0.93. 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 company’s 50 day simple moving average is $276.34 and its 200 day simple moving average is $334.80.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.43%. Cable One’s payout ratio is 229.57%.

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.