Kingsview Wealth Management LLC Has $8.57 Million Stake in Cable One, Inc. (NYSE:CABO)

Kingsview Wealth Management LLC lifted its position in shares of Cable One, Inc. (NYSE:CABO) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,660 shares of the company’s stock after buying an additional 1,297 shares during the period. Kingsview Wealth Management LLC’s holdings in Cable One were worth $8,568,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CABO. Eagle Asset Management Inc. grew its stake in Cable One by 24.9% in the third quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company’s stock valued at $15,029,000 after purchasing an additional 8,563 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Cable One by 476.9% during the third quarter. Point72 Asset Management L.P. now owns 9,000 shares of the company’s stock worth $3,148,000 after buying an additional 7,440 shares during the last quarter. Markel Group Inc. raised its position in Cable One by 11.6% during the third quarter. Markel Group Inc. now owns 60,050 shares of the company’s stock worth $21,005,000 after acquiring an additional 6,250 shares in the last quarter. Speece Thorson Capital Group Inc. lifted its stake in Cable One by 24.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock valued at $9,566,000 after acquiring an additional 5,394 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd grew its position in shares of Cable One by 1.5% in 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 during the period. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Cable One has a consensus rating of “Hold” and a consensus target price of $554.40.

Cable One Trading Down 0.4 %

Shares of CABO stock opened at $280.95 on Friday. Cable One, Inc. has a 12-month low of $271.18 and a 12-month high of $513.70. The company has a market capitalization of $1.58 billion, a PE ratio of 6.50 and a beta of 0.89. The firm has a 50 day moving average price of $352.69 and a two-hundred day moving average price of $361.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

The company also recently disclosed 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. This represents a $11.80 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Tuesday, February 18th. Cable One’s dividend payout ratio is 27.29%.

Cable One 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.