Oppenheimer Asset Management Inc. Has $736,000 Position in Cable One Inc (CABO)

Oppenheimer Asset Management Inc. lowered its stake in shares of Cable One Inc (NYSE:CABO) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 898 shares of the company’s stock after selling 36 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Cable One were worth $736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. California Public Employees Retirement System raised its holdings in Cable One by 13.3% in the second quarter. California Public Employees Retirement System now owns 6,800 shares of the company’s stock worth $4,986,000 after buying an additional 800 shares during the last quarter. Jane Street Group LLC purchased a new position in Cable One in the second quarter worth about $462,000. Louisiana State Employees Retirement System raised its holdings in Cable One by 7.7% in the third quarter. Louisiana State Employees Retirement System now owns 1,400 shares of the company’s stock worth $1,237,000 after buying an additional 100 shares during the last quarter. Oakbrook Investments LLC purchased a new position in Cable One in the third quarter worth about $221,000. Finally, Texas Permanent School Fund raised its holdings in Cable One by 3.0% in the third quarter. Texas Permanent School Fund now owns 3,122 shares of the company’s stock worth $2,759,000 after buying an additional 91 shares during the last quarter. 78.43% of the stock is currently owned by institutional investors and hedge funds.

CABO has been the subject of a number of research analyst reports. Moffett Nathanson upgraded shares of Cable One from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 4th. SunTrust Banks lowered shares of Cable One from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Wolfe Research initiated coverage on shares of Cable One in a research note on Friday, December 7th. They issued an “underperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $949.00 price target for the company in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $904.50.

In related news, Director Thomas O. Might sold 4,417 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $882.47, for a total transaction of $3,897,869.99. Following the completion of the sale, the director now directly owns 21,292 shares in the company, valued at $18,789,551.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deborah J. Kissire bought 100 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average price of $863.24 per share, with a total value of $86,324.00. Following the completion of the transaction, the director now directly owns 1,219 shares of the company’s stock, valued at approximately $1,052,289.56. The disclosure for this purchase can be found here. Insiders bought 570 shares of company stock valued at $495,116 over the last quarter. Company insiders own 1.10% of the company’s stock.

Shares of CABO stock opened at $915.00 on Monday. Cable One Inc has a 52 week low of $597.40 and a 52 week high of $924.31. The company has a market capitalization of $5.22 billion, a PE ratio of 42.34 and a beta of 0.47. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.08 and a quick ratio of 2.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Tuesday, February 19th will be paid a $2.00 dividend. The ex-dividend date is Friday, February 15th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.87%. Cable One’s dividend payout ratio is presently 37.02%.

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Cable One Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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