Cable One Inc (CABO) Stake Decreased by Lafayette Investments Inc.

Lafayette Investments Inc. cut its position in shares of Cable One Inc (NYSE:CABO) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,121 shares of the company’s stock after selling 85 shares during the period. Lafayette Investments Inc. owned 0.05% of Cable One worth $2,560,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. acquired a new position in Cable One in the 4th quarter valued at about $106,000. First Hawaiian Bank grew its stake in Cable One by 512.0% in the 4th quarter. First Hawaiian Bank now owns 153 shares of the company’s stock valued at $125,000 after buying an additional 128 shares during the last quarter. Parametrica Management Ltd acquired a new position in Cable One in the 3rd quarter valued at about $204,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cable One by 16.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 263 shares of the company’s stock valued at $216,000 after buying an additional 37 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in Cable One in the 3rd quarter valued at about $218,000. Institutional investors own 78.43% of the company’s stock.

NYSE CABO traded down $1.77 during trading on Tuesday, reaching $900.00. The company’s stock had a trading volume of 70 shares, compared to its average volume of 30,657. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $5.22 billion, a P/E ratio of 41.65 and a beta of 0.47. Cable One Inc has a 12 month low of $597.40 and a 12 month high of $924.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Tuesday, February 19th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, February 15th. Cable One’s dividend payout ratio is currently 37.02%.

A number of brokerages recently commented on CABO. SunTrust Banks lowered shares of Cable One from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Zacks Investment Research lowered shares of Cable One from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Moffett Nathanson upgraded shares of Cable One from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 4th. Finally, Wolfe Research began coverage on shares of Cable One in a research note on Friday, December 7th. They issued an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $904.50.

In other Cable One news, CFO Steven Scott Cochran acquired 300 shares of the business’s stock in a transaction on Friday, November 16th. The stock was purchased at an average price of $873.13 per share, with a total value of $261,939.00. Following the acquisition, the chief financial officer now directly owns 1,219 shares of the company’s stock, valued at approximately $1,064,345.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas O. Might sold 4,417 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $882.47, for a total transaction of $3,897,869.99. Following the completion of the sale, the director now directly owns 21,292 shares of the company’s stock, valued at approximately $18,789,551.24. The disclosure for this sale can be found here. Insiders acquired a total of 570 shares of company stock valued at $495,116 in the last three months. Insiders own 1.10% of the company’s stock.

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About Cable One

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

Read More: Capital Gains

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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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