Cable One, Inc. (NYSE:CABO) Position Lessened by River Road Asset Management LLC

River Road Asset Management LLC decreased its stake in Cable One, Inc. (NYSE:CABO) by 32.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,043 shares of the company’s stock after selling 36,345 shares during the period. River Road Asset Management LLC’s holdings in Cable One were worth $41,768,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in Cable One in the 1st quarter valued at approximately $214,000. Raymond James Trust N.A. increased its position in Cable One by 6.3% in the 1st quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock valued at $274,000 after acquiring an additional 11 shares during the period. Aviva PLC increased its position in Cable One by 1,312.1% in the 1st quarter. Aviva PLC now owns 4,081 shares of the company’s stock valued at $5,976,000 after acquiring an additional 3,792 shares during the period. Bridgewater Associates LP acquired a new stake in Cable One in the 1st quarter valued at approximately $489,000. Finally, Federated Hermes Inc. increased its position in Cable One by 19.4% in the 1st quarter. Federated Hermes Inc. now owns 899 shares of the company’s stock valued at $1,316,000 after acquiring an additional 146 shares during the period. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Up 1.7 %

Shares of Cable One stock traded up $6.60 during midday trading on Wednesday, hitting $393.60. The company’s stock had a trading volume of 74,257 shares, compared to its average volume of 89,928. The firm has a market capitalization of $2.21 billion, a P/E ratio of 8.66 and a beta of 0.80. The stock has a 50-day simple moving average of $443.11 and a 200-day simple moving average of $520.32. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94. Cable One, Inc. has a 1-year low of $373.37 and a 1-year high of $768.75.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). The firm had revenue of $411.82 million for the quarter, compared to analyst estimates of $417.66 million. Cable One had a net margin of 15.94% and a return on equity of 13.65%. As a group, sell-side analysts expect that Cable One, Inc. will post 43.36 earnings per share for the current year.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a $2.95 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.00%. Cable One’s dividend payout ratio is currently 26.12%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CABO. KeyCorp lowered their target price on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Wells Fargo & Company lowered their price target on Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research report on Friday, April 5th. Finally, Moffett Nathanson upgraded Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target on the stock in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $627.80.

Insiders Place Their Bets

In other news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the transaction, the insider now directly owns 1,854 shares in the company, valued at $852,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

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.