AlphaQuest LLC Takes Position in Cable One, Inc. (NYSE:CABO)

AlphaQuest LLC bought a new stake in Cable One, Inc. (NYSE:CABO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 135 shares of the company’s stock, valued at approximately $49,000.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in 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 during the period. Bradyco Inc. acquired a new stake in Cable One during the 4th quarter worth $234,000. Inceptionr LLC acquired a new stake in Cable One during the 4th quarter worth $423,000. Raymond James Financial Inc. acquired a new stake in Cable One during the 4th quarter worth $28,129,000. Finally, Aigen Investment Management LP boosted its stake in Cable One by 35.1% during the 4th quarter. Aigen Investment Management LP now owns 1,383 shares of the company’s stock worth $501,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity

In related news, Director Wallace R. Weitz purchased 1,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CABO. Wells Fargo & Company decreased their price target on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research note on Friday, February 28th. 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. Finally, KeyCorp cut their price objective 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.

Cable One Stock Up 1.7 %

Shares of Cable One stock opened at $254.90 on Friday. The company has a market cap of $1.43 billion, a P/E ratio of 5.89 and a beta of 0.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One, Inc. has a one year low of $225.94 and a one year high of $452.72. The firm has a fifty day moving average of $289.40 and a two-hundred day moving average of $339.86.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.63%. Cable One’s dividend payout ratio is presently 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.