Envestnet Portfolio Solutions Inc. Acquires Shares of 610 Cable One, Inc. (NYSE:CABO)

Envestnet Portfolio Solutions Inc. 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 610 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors have also recently made changes to their positions in CABO. AlphaQuest LLC bought a new stake in Cable One in the fourth quarter worth $49,000. Sound Income Strategies LLC bought a new stake in shares of Cable One in the 4th quarter worth about $50,000. Public Employees Retirement System of Ohio boosted its stake in shares of Cable One by 20.4% during the 3rd 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 during the period. KBC Group NV grew its holdings 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 last quarter. Finally, Nisa Investment Advisors LLC raised its position 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 currently owned by institutional investors.

Insider Activity at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the acquisition, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This represents a 21.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. KeyCorp cut their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company cut their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price 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.

Cable One Stock Down 2.1 %

Shares of NYSE:CABO opened at $268.28 on Friday. The business’s 50 day moving average is $281.14 and its 200 day moving average is $336.40. The stock has a market cap of $1.51 billion, a P/E ratio of 6.20 and a beta of 0.93. Cable One, Inc. has a 52-week low of $225.94 and a 52-week high of $437.00. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a dividend of $2.95 per share. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.40%. Cable One’s dividend payout ratio is currently 229.57%.

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.