Cable One Inc (CABO) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. cut its position in shares of Cable One Inc (NYSE:CABO) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,128 shares of the company’s stock after selling 943 shares during the period. Baird Financial Group Inc.’s holdings in Cable One were worth $52,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CABO. BB&T Corp raised its position in shares of Cable One by 23.8% in the 3rd quarter. BB&T Corp now owns 15,452 shares of the company’s stock worth $11,158,000 after acquiring an additional 2,970 shares in the last quarter. State Street Corp raised its position in shares of Cable One by 1.3% in the 2nd quarter. State Street Corp now owns 128,000 shares of the company’s stock worth $90,989,000 after acquiring an additional 1,696 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Cable One by 49.2% in the 3rd quarter. Wells Fargo & Company MN now owns 25,553 shares of the company’s stock worth $18,452,000 after acquiring an additional 8,423 shares in the last quarter. Chicago Equity Partners LLC bought a new position in shares of Cable One in the 3rd quarter worth $1,485,000. Finally, Stifel Financial Corp bought a new position in shares of Cable One in the 3rd quarter worth $450,000. 72.71% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman Thomas O. Might sold 2,793 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the transaction, the chairman now directly owns 37,702 shares of the company’s stock, valued at approximately $25,503,140.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas O. Might sold 6,288 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total value of $4,283,385.60. Following the transaction, the insider now directly owns 37,702 shares in the company, valued at $25,682,602.40. The disclosure for this sale can be found here. Insiders have sold a total of 11,904 shares of company stock worth $8,223,705 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on CABO. JPMorgan Chase & Co. lowered Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. Zacks Investment Research lowered Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and set a $815.00 target price on shares of Cable One in a research report on Friday, November 10th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $700.00 target price (down from $761.00) on shares of Cable One in a research report on Monday, November 13th. Finally, BidaskClub lowered Cable One from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $789.50.

Cable One Inc (CABO) opened at $689.39 on Monday. Cable One Inc has a 1 year low of $615.98 and a 1 year high of $788.00. The stock has a market capitalization of $3,949.79, a PE ratio of 33.66, a P/E/G ratio of 9.33 and a beta of 0.15. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Tuesday, February 20th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, February 16th. Cable One’s dividend payout ratio is currently 34.18%.

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Cable One Profile

Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

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

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