Landscape Capital Management L.L.C. Purchases New Shares in Cable One, Inc. (NYSE:CABO)

Landscape Capital Management L.L.C. acquired a new position in Cable One, Inc. (NYSE:CABO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,388 shares of the company’s stock, valued at approximately $865,000.

A number of other large investors have also recently made changes to their positions in CABO. Rothschild & Co Wealth Management UK Ltd grew its position in Cable One by 1.5% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after acquiring an additional 4,352 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cable One by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after purchasing an additional 1,839 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock valued at $31,423,000 after purchasing an additional 7,055 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Cable One during the 4th quarter valued at $28,129,000. Finally, Bank of New York Mellon Corp lifted its position 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 buying an additional 2,627 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Transactions at Cable One

In other news, Director Wallace R. Weitz bought 1,000 shares of the 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 acquisition, the director now owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. 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 research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Finally, KeyCorp dropped their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research report on Friday, February 28th.

Cable One Stock Down 4.7 %

Shares of CABO opened at $254.65 on Friday. The firm has a fifty day moving average price of $274.75 and a 200-day moving average price of $334.19. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $1.43 billion, a P/E ratio of 5.89 and a beta of 0.93. Cable One, Inc. has a 12-month low of $225.94 and a 12-month high of $437.00.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were given a $2.95 dividend. 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 dividend payout ratio (DPR) is 229.57%.

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.