Markel Group Inc. Decreases Stake in Cable One, Inc. (NYSE:CABO)

Markel Group Inc. reduced its position in shares of Cable One, Inc. (NYSE:CABO) by 15.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,900 shares of the company’s stock after selling 9,150 shares during the quarter. Markel Group Inc.’s holdings in Cable One were worth $18,432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new stake in Cable One during the fourth quarter worth about $49,000. Sound Income Strategies LLC acquired a new stake in Cable One during the fourth quarter worth about $50,000. KBC Group NV increased its position in Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after purchasing an additional 50 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after purchasing an additional 29 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Cable One by 523.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after purchasing an additional 220 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

Shares of CABO opened at $287.04 on Tuesday. Cable One, Inc. has a 1-year low of $239.29 and a 1-year high of $470.87. The stock has a market cap of $1.62 billion, a PE ratio of 6.64 and a beta of 0.93. The firm has a 50-day simple moving average of $308.94 and a two-hundred day simple moving average of $345.93. 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 business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One’s dividend payout ratio is presently 229.57%.

Insider Buying and Selling at Cable One

In related news, Director Wallace R. Weitz purchased 1,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

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

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.