MAI Capital Management Buys New Holdings in Cable One, Inc. (NYSE:CABO)

MAI Capital Management purchased a new position in Cable One, Inc. (NYSE:CABO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,524 shares of the company’s stock, valued at approximately $533,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after purchasing an additional 95 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Cable One in the second quarter valued at $45,000. GAMMA Investing LLC grew its holdings in shares of Cable One by 964.3% during the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after buying an additional 135 shares during the last quarter. KBC Group NV increased its position in shares of Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after acquiring an additional 50 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Cable One in the 2nd quarter worth about $65,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Performance

NYSE CABO opened at $416.56 on Friday. The company has a fifty day moving average price of $358.75 and a 200-day moving average price of $363.18. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 9.60 and a beta of 0.84. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $574.53.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be given a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Tuesday, December 3rd. Cable One’s payout ratio is 27.29%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $531.67.

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.