Lee Danner & Bass Inc. Lowers Holdings in Cable One, Inc. (NYSE:CABO)

Lee Danner & Bass Inc. trimmed its position in shares of Cable One, Inc. (NYSE:CABO) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,130 shares of the company’s stock after selling 100 shares during the period. Lee Danner & Bass Inc.’s holdings in Cable One were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC purchased a new stake in shares of Cable One during the 4th quarter worth approximately $49,000. Sound Income Strategies LLC purchased a new stake in shares of Cable One during the 4th quarter worth approximately $50,000. KBC Group NV raised its holdings in shares of Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after acquiring an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after acquiring an additional 29 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after acquiring an additional 220 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. KeyCorp decreased their price objective on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Wells Fargo & Company decreased their price objective on 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 price target on Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd.

Cable One Stock Performance

NYSE:CABO opened at $254.90 on Friday. The stock’s fifty day moving average is $289.40 and its 200 day moving average is $339.86. Cable One, Inc. has a fifty-two week low of $225.94 and a fifty-two week high of $452.72. The firm has a market capitalization of $1.43 billion, a PE ratio of 5.89 and a beta of 0.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors 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 annualized dividend and a yield of 4.63%. Cable One’s payout ratio is presently 229.57%.

Insider Activity at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price 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. The trade was a 21.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

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.