Bridges Investment Management Inc. Sells 1,081 Shares of Cable One, Inc. (NYSE:CABO)

Bridges Investment Management Inc. lessened its stake in Cable One, Inc. (NYSE:CABO) by 52.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 987 shares of the company’s stock after selling 1,081 shares during the period. Bridges Investment Management Inc.’s holdings in Cable One were worth $357,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in shares of Cable One during the 4th quarter worth $50,000. KBC Group NV boosted its stake in shares of Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after acquiring an additional 50 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake 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 worth $60,000 after acquiring an additional 29 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after acquiring an additional 220 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Down 7.0 %

CABO opened at $241.98 on Tuesday. 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 fifty-two week low of $240.55 and a fifty-two week high of $475.00. The firm’s fifty day moving average is $319.90 and its 200 day moving average is $349.37. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 5.60 and a beta of 0.89.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is 229.57%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CABO. Wells Fargo & Company dropped their price target on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. dropped their price target on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, KeyCorp dropped their price target on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $457.20.

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.