1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership bought a new position in shares of Cable One, Inc. (NYSE:CABO – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,703 shares of the company’s stock, valued at approximately $979,000.
Several other institutional investors have also recently added to or reduced their stakes in CABO. Public Employees Retirement System of Ohio raised its holdings in shares of Cable One by 20.4% in the third quarter.
Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after buying an additional 29 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Cable One by 3.1% in 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 last quarter. Global Retirement Partners LLC lifted its position 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 in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Cable One by 2.3% during the fourth 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 last quarter. Finally, PNC Financial Services Group Inc. increased its holdings 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 purchasing an additional 65 shares in the last quarter.
89.92% of the stock is owned by institutional investors. Insiders Place Their BetsIn other news, Director Wallace R.
Weitz bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $244.02 per share, with a total value of $244,020.
00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Company insiders own 0.70% of the company’s stock. Wall Street Analysts Forecast GrowthCABO has been the topic of several recent analyst reports.
Wells Fargo & Company reduced their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th.
KeyCorp cut 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, JPMorgan Chase & Co. lowered 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.Get Our Latest Research Report on CABOCable One Stock PerformanceShares of CABO opened at $265.63 on Friday.
The company has a market cap of $1.49 billion, a PE ratio of 6.14 and a beta of 1.
07. The firm has a 50-day moving average of $266.90 and a 200-day moving average of $329.
91. Cable One, Inc. has a one year low of $225.
94 and a one year high of $437.00. The company has a debt-to-equity ratio of 1.
84, a current ratio of 0.93 and a quick ratio of 0.93.
Cable One Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share.
This represents a $11.80 annualized dividend and a yield of 4.44%.
The ex-dividend date of this dividend was Tuesday, February 18th. Cable One’s dividend payout ratio is 229.57%.
Cable One Company Profile (Free Report)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.
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