Cable One, Inc. (NYSE:CABO) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its holdings in shares of Cable One, Inc. (NYSE:CABO) by 32.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,043 shares of the company’s stock after selling 36,345 shares during the quarter. River Road Asset Management LLC owned 1.34% of Cable One worth $41,768,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Trust N.A. increased its position in shares of Cable One by 6.3% during the 1st quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock worth $274,000 after purchasing an additional 11 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Cable One by 0.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,262 shares of the company’s stock valued at $2,322,000 after acquiring an additional 18 shares in the last quarter. Toroso Investments LLC grew its position in Cable One by 10.3% in the 1st quarter. Toroso Investments LLC now owns 203 shares of the company’s stock valued at $297,000 after acquiring an additional 19 shares in the last quarter. Inspire Investing LLC grew its position in 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 acquiring an additional 24 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Cable One by 4.8% in the 2nd quarter. Captrust Financial Advisors now owns 608 shares of the company’s stock valued at $400,000 after acquiring an additional 28 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Stock Up 1.7 %

Shares of CABO traded up $6.60 during midday trading on Wednesday, hitting $393.60. The company had a trading volume of 74,257 shares, compared to its average volume of 89,928. The company’s 50-day simple moving average is $443.11 and its 200-day simple moving average is $520.32. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $2.21 billion, a P/E ratio of 8.66 and a beta of 0.80. Cable One, Inc. has a 1 year low of $373.37 and a 1 year high of $768.75.

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). The business had revenue of $411.82 million for the quarter, compared to analysts’ expectations of $417.66 million. Cable One had a return on equity of 13.65% and a net margin of 15.94%. As a group, sell-side analysts expect that Cable One, Inc. will post 43.36 EPS for the current year.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 3.00%. The ex-dividend date was Friday, February 16th. Cable One’s payout ratio is 26.12%.

Insider Buying and Selling

In related news, insider Christopher D. Boone sold 204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the sale, the insider now owns 1,854 shares in the company, valued at $852,840. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.