Cable One, Inc. (NYSE:CABO) Stake Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in shares of Cable One, Inc. (NYSE:CABO) by 17.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,582 shares of the company’s stock after purchasing an additional 666 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cable One were worth $2,550,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CABO. Inspire Investing LLC increased its holdings in shares of Cable One by 5.0% in the 3rd quarter. Inspire Investing LLC now owns 502 shares of the company’s stock valued at $309,000 after purchasing an additional 24 shares during the period. Pathstone Family Office LLC grew its position in Cable One by 0.8% during the third quarter. Pathstone Family Office LLC now owns 4,836 shares of the company’s stock valued at $2,977,000 after purchasing an additional 39 shares in the last quarter. Mission Wealth Management LP increased its stake in Cable One by 6.1% in the 3rd quarter. Mission Wealth Management LP now owns 718 shares of the company’s stock valued at $442,000 after buying an additional 41 shares during the period. SRS Capital Advisors Inc. lifted its position in Cable One by 43.0% in the 3rd quarter. SRS Capital Advisors Inc. now owns 153 shares of the company’s stock worth $94,000 after buying an additional 46 shares in the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Cable One during the 4th quarter valued at $28,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Christopher D. Boone sold 204 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the sale, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Cable One Price Performance

NYSE CABO opened at $395.63 on Thursday. The firm has a market cap of $2.22 billion, a P/E ratio of 8.76 and a beta of 0.80. The stock’s 50-day moving average is $422.63 and its two-hundred day moving average is $503.42. Cable One, Inc. has a fifty-two week low of $373.37 and a fifty-two week high of $749.00. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, February 22nd. The company reported $10.66 earnings per share for the quarter, missing the consensus estimate of $12.86 by ($2.20). Cable One had a return on equity of 13.65% and a net margin of 15.94%. The company had revenue of $411.82 million during the quarter, compared to analyst estimates of $417.66 million. On average, analysts anticipate that Cable One, Inc. will post 43.36 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a $2.95 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a yield of 2.98%. Cable One’s payout ratio is presently 26.12%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CABO shares. Wells Fargo & Company dropped their price target on shares of Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research note on Friday, April 5th. Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target for the company in a research note on Tuesday, March 5th. Finally, KeyCorp dropped their price objective on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $627.80.

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.