SRS Capital Advisors Inc. Grows Holdings in Cable One, Inc. (NYSE:CABO)

SRS Capital Advisors Inc. grew its stake in shares of Cable One, Inc. (NYSE:CABO) by 79.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 314 shares of the company’s stock after buying an additional 139 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Cable One were worth $113,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in Cable One during the fourth quarter valued at about $50,000. KBC Group NV increased its position in shares of Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after purchasing an additional 50 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings 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 buying an additional 29 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after buying an additional 220 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Cable One by 15.5% in the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after buying an additional 46 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Stock Performance

Shares of CABO stock opened at $253.43 on Thursday. The company has a market capitalization of $1.42 billion, a P/E ratio of 5.86 and a beta of 0.89. Cable One, Inc. has a fifty-two week low of $239.29 and a fifty-two week high of $470.87. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day moving average price of $315.10 and a two-hundred day moving average price of $347.71.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be issued a dividend of $2.95 per share. The ex-dividend date is Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.66%. Cable One’s dividend payout ratio is currently 229.57%.

Insider Buying and Selling at Cable One

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of Cable One stock in a transaction that occurred on Tuesday, March 4th. The shares were bought 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 in the company, valued at approximately $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on CABO. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company decreased their target price on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research report on Friday, February 28th. Finally, KeyCorp lowered their price target on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research note on Friday, February 28th.

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.