Empowered Funds LLC Acquires Shares of 593 Cable One, Inc. (NYSE:CABO)

Empowered Funds LLC purchased a new position in Cable One, Inc. (NYSE:CABO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 593 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Speece Thorson Capital Group Inc. boosted its holdings in Cable One by 24.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock worth $9,566,000 after acquiring an additional 5,394 shares during the period. Hantz Financial Services Inc. boosted its holdings in Cable One by 116.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock worth $1,573,000 after acquiring an additional 2,419 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Cable One by 5.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company’s stock worth $8,568,000 after acquiring an additional 1,297 shares during the period. MetLife Investment Management LLC boosted its holdings in Cable One by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock worth $1,140,000 after acquiring an additional 1,836 shares during the period. Finally, Private Management Group Inc. boosted its holdings in Cable One by 2.1% in the 3rd quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock worth $40,575,000 after acquiring an additional 2,358 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased 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 issued a buy rating to the company’s stock. According to MarketBeat, Cable One has an average rating of “Hold” and an average target price of $554.40.

Cable One Stock Performance

Cable One stock opened at $278.04 on Friday. The stock has a market cap of $1.56 billion, a P/E ratio of 6.43 and a beta of 0.89. 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 stock has a 50 day moving average of $329.40 and a 200-day moving average of $354.12. Cable One, Inc. has a 52 week low of $271.18 and a 52 week high of $479.79.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is currently 27.29%.

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.