Loomis Sayles & Co. L P Sells 673 Shares of Cable One, Inc. (NYSE:CABO)

Loomis Sayles & Co. L P reduced its stake in shares of Cable One, Inc. (NYSE:CABO) by 4.7% in the 4th quarter, Holdings Channel reports. The firm owned 13,609 shares of the company’s stock after selling 673 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Cable One were worth $4,928,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CABO. Raymond James Financial Inc. acquired a new stake in Cable One during the fourth quarter worth approximately $28,129,000. Proficio Capital Partners LLC acquired a new stake in shares of Cable One during the 4th quarter worth approximately $10,491,000. Point72 Asset Management L.P. increased its stake in shares of Cable One by 476.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 9,000 shares of the company’s stock valued at $3,148,000 after acquiring an additional 7,440 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock valued at $31,423,000 after acquiring an additional 7,055 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd boosted its stake in Cable One by 1.5% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after acquiring an additional 4,352 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CABO has been the subject of several research analyst reports. KeyCorp decreased 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. Wells Fargo & Company dropped their price target on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced 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 Buying and Selling at Cable One

In related news, Director Wallace R. Weitz bought 1,000 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director now directly owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Cable One Stock Down 2.1 %

Cable One stock opened at $268.28 on Friday. 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 fifty day moving average price is $281.14 and its two-hundred day moving average price is $336.43. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 6.20 and a beta of 0.93. Cable One, Inc. has a 1-year low of $225.94 and a 1-year high of $437.00.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were paid a dividend of $2.95 per share. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.40%. Cable One’s dividend payout ratio (DPR) is currently 229.57%.

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.