Aigen Investment Management LP Purchases 359 Shares of Cable One, Inc. (NYSE:CABO)

Aigen Investment Management LP boosted its position in Cable One, Inc. (NYSE:CABO) by 35.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,383 shares of the company’s stock after acquiring an additional 359 shares during the period. Aigen Investment Management LP’s holdings in Cable One were worth $501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Cable One in the fourth quarter worth approximately $50,000. KBC Group NV boosted its holdings in Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after acquiring an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Cable One by 20.4% in the third 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 in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after acquiring an additional 220 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Cable One by 79.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 314 shares of the company’s stock worth $113,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

Shares of Cable One stock opened at $277.40 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The company has a market cap of $1.56 billion, a PE ratio of 6.42 and a beta of 0.89. The business has a 50 day moving average price of $310.80 and a 200-day moving average price of $346.54. Cable One, Inc. has a 52 week low of $239.29 and a 52 week high of $470.87.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One’s payout ratio is 229.57%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Cable One

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost 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. The trade was a 21.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.

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.