Oregon Public Employees Retirement Fund lifted its stake in shares of Cable One Inc (NYSE:CABO) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,974 shares of the company’s stock after purchasing an additional 126 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Cable One were worth $1,619,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in Cable One by 3.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 739 shares of the company’s stock valued at $606,000 after acquiring an additional 26 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cable One by 16.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 263 shares of the company’s stock valued at $216,000 after acquiring an additional 37 shares during the period. Arizona State Retirement System raised its stake in Cable One by 1.1% in the 4th quarter. Arizona State Retirement System now owns 3,562 shares of the company’s stock valued at $2,921,000 after acquiring an additional 39 shares during the period. Loeb Partners Corp bought a new stake in Cable One in the 4th quarter valued at $39,000. Finally, MetLife Investment Advisors LLC raised its stake in Cable One by 2.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 3,037 shares of the company’s stock valued at $2,684,000 after acquiring an additional 85 shares during the period. Institutional investors own 78.43% of the company’s stock.
CABO stock traded up $3.62 during trading hours on Monday, hitting $918.62. 593 shares of the stock were exchanged, compared to its average volume of 27,668. 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 stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 42.51 and a beta of 0.47. Cable One Inc has a 12 month low of $597.40 and a 12 month high of $924.31.
A number of equities research analysts recently weighed in on CABO shares. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $949.00 price target on the stock in a research note on Wednesday, January 23rd. Wolfe Research started coverage on Cable One in a research note on Friday, December 7th. They issued an “underperform” rating on the stock. Moffett Nathanson upgraded Cable One from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 4th. Finally, SunTrust Banks cut Cable One from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $904.50.
In other news, SVP Kenneth E. Johnson acquired 170 shares of the stock in a transaction on Thursday, November 15th. The shares were purchased at an average price of $863.84 per share, for a total transaction of $146,852.80. Following the transaction, the senior vice president now directly owns 741 shares of the company’s stock, valued at $640,105.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven Scott Cochran acquired 300 shares of the stock in a transaction on Friday, November 16th. The shares were purchased at an average price of $873.13 per share, for a total transaction of $261,939.00. Following the transaction, the chief financial officer now directly owns 1,219 shares in the company, valued at $1,064,345.47. The disclosure for this purchase can be found here. Insiders have acquired a total of 570 shares of company stock worth $495,116 in the last quarter. Company insiders own 1.10% of the company’s stock.
About Cable One
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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