UMB Bank n.a. Sells 30 Shares of Cable One, Inc. (NYSE:CABO)

UMB Bank n.a. cut its holdings in Cable One, Inc. (NYSE:CABO – Get Rating) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,002 shares of the company’s stock after selling 30 shares during the period. UMB Bank n.a.’s holdings in Cable One were worth $2,137,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CABO. HighTower Advisors LLC bought a new stake in Cable One in the first quarter worth $214,000. Raymond James Trust N.A. boosted its holdings in Cable One by 6.3% during the first quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock valued at $274,000 after acquiring an additional 11 shares during the period. Aviva PLC boosted its holdings in Cable One by 1,312.1% during the first quarter. Aviva PLC now owns 4,081 shares of the company’s stock valued at $5,976,000 after acquiring an additional 3,792 shares during the period. Bridgewater Associates LP bought a new stake in Cable One during the first quarter valued at about $489,000. Finally, Federated Hermes Inc. boosted its holdings in Cable One by 19.4% during the first quarter. Federated Hermes Inc. now owns 899 shares of the company’s stock valued at $1,316,000 after acquiring an additional 146 shares during the period. 90.08% of the stock is currently owned by institutional investors.

Insider Transactions at Cable One

In other news, Director Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was bought at an average price of $709.30 per share, with a total value of $70,930.00. Following the completion of the acquisition, the director now owns 2,420 shares in the company, valued at approximately $1,716,506. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Cable One Stock Performance

NYSE:CABO opened at $653.89 on Friday. Cable One, Inc. has a 12-month low of $609.85 and a 12-month high of $1,576.49. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $3.75 billion, a PE ratio of 18.11 and a beta of 0.83. The firm has a 50-day moving average price of $743.49 and a 200 day moving average price of $788.14.

Cable One (NYSE:CABO – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $8.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.56 by ($3.62). The business had revenue of $425.52 million during the quarter, compared to analyst estimates of $422.84 million. Cable One had a return on equity of 19.71% and a net margin of 13.72%. Research analysts anticipate that Cable One, Inc. will post 57.11 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st were issued a dividend of $2.85 per share. This represents a $11.40 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, February 17th. Cable One’s payout ratio is 31.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. KeyCorp decreased their price target on shares of Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating for the company in a report on Friday, February 24th. JPMorgan Chase & Co. decreased their price target on shares of Cable One from $800.00 to $785.00 and set a “neutral” rating for the company in a report on Monday, February 27th. Cowen decreased their price target on shares of Cable One from $1,050.00 to $950.00 and set a “market perform” rating for the company in a report on Friday, February 24th. Wells Fargo & Company cut shares of Cable One from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $850.00 to $680.00 in a research note on Tuesday, February 21st. Finally, StockNews.com initiated coverage on shares of Cable One in a research note on Thursday. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Cable One presently has a consensus rating of “Hold” and a consensus target price of $1,105.71.

About Cable One

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Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.