Forum Financial Management LP Takes $630,000 Position in Cable One, Inc. (NYSE:CABO)

Forum Financial Management LP acquired a new position in Cable One, Inc. (NYSE:CABO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,740 shares of the company’s stock, valued at approximately $630,000.

Several other large investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its stake in shares of Cable One by 20.4% in 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 last quarter. Summit Investment Advisors Inc. grew its position in Cable One by 6.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 590 shares of the company’s stock worth $214,000 after buying an additional 37 shares during the last quarter. Sanctuary Advisors LLC grew its position in Cable One by 3.1% in the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after buying an additional 43 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Cable One by 15.5% in the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after buying an additional 46 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Cable One by 2.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock valued at $974,000 after acquiring an additional 61 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. 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 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 for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd.

Insider Buying and Selling at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now 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 SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

Cable One Stock Performance

NYSE:CABO opened at $255.48 on Friday. The firm has a market capitalization of $1.44 billion, a PE ratio of 5.91 and a beta of 1.07. Cable One, Inc. has a 1 year low of $225.94 and a 1 year high of $437.00. 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 firm’s fifty day simple moving average is $264.35 and its 200 day simple moving average is $326.72.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were issued a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is presently 229.57%.

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.