Insider Buying: Cable One, Inc. (NYSE:CABO) Director Buys $244,020.00 in Stock

Cable One, Inc. (NYSE:CABO) Director Wallace R. Weitz bought 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now directly owns 5,584 shares of the company’s stock, valued at approximately $1,362,607.68. This trade represents a 21.82 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cable One Stock Up 1.0 %

NYSE:CABO opened at $277.40 on Friday. The stock has a 50-day simple moving average of $310.80 and a 200 day simple moving average of $346.54. Cable One, Inc. has a 52-week low of $239.29 and a 52-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 company has a market cap of $1.56 billion, a PE ratio of 6.42 and a beta of 0.89.

Cable One Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.25%. Cable One’s dividend payout ratio (DPR) is presently 229.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its position in Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after purchasing an additional 29 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Cable One by 6.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 590 shares of the company’s stock valued at $214,000 after buying an additional 37 shares during the last quarter. Sanctuary Advisors LLC lifted its position 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 valued at $505,000 after buying an additional 43 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Cable One by 15.5% in the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after buying an additional 46 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after buying an additional 50 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CABO shares. KeyCorp cut their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company lowered their price target on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price target on Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a report on Monday, March 3rd.

Cable One Company 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.