EntryPoint Capital LLC Sells 343 Shares of Cable One, Inc. (NYSE:CABO)

EntryPoint Capital LLC reduced its position in Cable One, Inc. (NYSE:CABO) by 36.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606 shares of the company’s stock after selling 343 shares during the quarter. EntryPoint Capital LLC’s holdings in Cable One were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC purchased a new stake in Cable One in the 4th quarter worth $49,000. Sound Income Strategies LLC bought a new position in shares of Cable One in the fourth quarter worth about $50,000. Public Employees Retirement System of Ohio grew its position in shares of Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after purchasing an additional 29 shares in the last quarter. KBC Group NV raised its stake in Cable One by 45.0% during the 4th quarter. KBC Group NV now owns 232 shares of the company’s stock valued at $84,000 after purchasing an additional 72 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after purchasing an additional 220 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Trading Down 2.1 %

CABO stock opened at $268.28 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 6.20 and a beta of 0.93. The firm has a fifty day moving average price of $281.14 and a 200 day moving average price of $336.43. 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, Inc. has a fifty-two week low of $225.94 and a fifty-two week high of $437.00.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.40%. Cable One’s dividend payout ratio (DPR) is presently 229.57%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Wallace R. Weitz bought 1,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% 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.