SRS Capital Advisors Inc. Boosts Holdings in Cable One, Inc. (NYSE:CABO)

SRS Capital Advisors Inc. lifted its stake in shares of Cable One, Inc. (NYSE:CABO) by 79.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 314 shares of the company’s stock after buying an additional 139 shares during the period. SRS Capital Advisors Inc.’s holdings in Cable One were worth $113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rothschild & Co Wealth Management UK Ltd boosted its position in Cable One by 1.5% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock valued at $106,608,000 after acquiring an additional 4,352 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Cable One by 1.6% during the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock valued at $41,342,000 after purchasing an additional 1,839 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Cable One by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company’s stock worth $26,439,000 after purchasing an additional 2,627 shares during the period. Markel Group Inc. raised its holdings in Cable One by 11.6% in the third quarter. Markel Group Inc. now owns 60,050 shares of the company’s stock worth $21,005,000 after purchasing an additional 6,250 shares in the last quarter. Finally, Wallace Capital Management Inc. lifted its position in Cable One by 7.0% during the third quarter. Wallace Capital Management Inc. now owns 46,724 shares of the company’s stock valued at $16,344,000 after buying an additional 3,041 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

CABO has been the topic of a number of recent research reports. KeyCorp reduced their target price on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their price objective on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research note on Monday.

Cable One Price Performance

CABO opened at $253.43 on Thursday. The firm has a market cap of $1.42 billion, a PE ratio of 5.86 and a beta of 0.89. The stock has a 50-day moving average price of $315.10 and a 200-day moving average price of $347.71. Cable One, Inc. has a 1 year low of $239.29 and a 1 year high of $470.87. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be issued a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.66%. Cable One’s dividend payout ratio (DPR) is presently 229.57%.

Insiders Place Their Bets

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

About Cable One

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.