LSV Asset Management Buys 7,100 Shares of Cable One, Inc. (NYSE:CABO)

LSV Asset Management lifted its stake in shares of Cable One, Inc. (NYSE:CABO) by 2,535.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,380 shares of the company’s stock after acquiring an additional 7,100 shares during the quarter. LSV Asset Management’s holdings in Cable One were worth $2,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in Cable One during the fourth quarter valued at $49,000. Sound Income Strategies LLC bought a new stake in shares of Cable One during the 4th quarter valued at about $50,000. Public Employees Retirement System of Ohio boosted its position in shares of Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after purchasing an additional 29 shares in the last quarter. Federated Hermes Inc. grew its stake in Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock worth $60,000 after purchasing an additional 111 shares during the period. Finally, KBC Group NV lifted its stake in Cable One by 45.0% in the fourth quarter. KBC Group NV now owns 232 shares of the company’s stock valued at $84,000 after buying an additional 72 shares during the period. 89.92% of the stock is currently owned by institutional investors.

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 stock was acquired at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the acquisition, the director now owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This represents a 21.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

Cable One Stock Performance

NYSE CABO opened at $267.16 on Tuesday. The company has a market cap of $1.50 billion, a P/E ratio of 6.18 and a beta of 1.07. The company has a fifty day simple moving average of $266.47 and a 200 day simple moving average of $329.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a 12-month low of $225.94 and a 12-month high of $437.00.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Tuesday, February 18th. Cable One’s dividend payout ratio is currently 229.57%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. KeyCorp dropped their price objective on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a 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 for the company in a research note on Monday, March 3rd.

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.