Canada Pension Plan Investment Board Buys 300 Shares of Cable One, Inc. (NYSE:CABO)

Canada Pension Plan Investment Board grew its stake in Cable One, Inc. (NYSE:CABO) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,911 shares of the company’s stock after buying an additional 300 shares during the period. Canada Pension Plan Investment Board’s holdings in Cable One were worth $74,564,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Farringdon Capital Ltd. purchased a new stake in shares of Cable One in the 4th quarter valued at $236,000. Mariner LLC purchased a new stake in Cable One during the fourth quarter valued at about $224,000. Summit Investment Advisors Inc. grew its stake in shares of Cable One by 6.7% during 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. LSV Asset Management increased its holdings in shares of Cable One by 2,535.7% in the fourth quarter. LSV Asset Management now owns 7,380 shares of the company’s stock worth $2,672,000 after buying an additional 7,100 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Cable One in the 4th quarter valued at about $28,129,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

CABO has been the subject of a number of analyst reports. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. decreased their price objective on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Finally, KeyCorp dropped their target price on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a report on Friday, February 28th.

Cable One Trading Up 2.9 %

Shares of CABO opened at $255.48 on Friday. Cable One, Inc. has a 1-year low of $225.94 and a 1-year high of $437.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm’s 50-day moving average price is $264.35 and its 200-day moving average price is $326.88. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 5.91 and a beta of 1.07.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.62%. Cable One’s dividend payout ratio (DPR) is 229.57%.

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of Cable One stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now directly owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

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.