Verition Fund Management LLC Invests $328,000 in Cable One, Inc. (NYSE:CABO)

Verition Fund Management LLC purchased a new stake in Cable One, Inc. (NYSE:CABO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 937 shares of the company’s stock, valued at approximately $328,000.

A number of other large investors have also recently bought and sold shares of CABO. Burgundy Asset Management Ltd. increased its position in shares of Cable One by 42.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock worth $102,894,000 after purchasing an additional 86,581 shares in the last quarter. AQR Capital Management LLC raised its position in Cable One by 4,228.5% in the 2nd quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock valued at $21,436,000 after purchasing an additional 60,045 shares during the last quarter. Private Management Group Inc. boosted its stake in Cable One by 70.7% in the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after purchasing an additional 47,082 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Cable One by 28.1% during the second quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock worth $72,786,000 after purchasing an additional 45,115 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Cable One during the second quarter worth $3,624,000. 89.92% of the stock is currently owned by institutional investors.

Cable One Trading Down 0.8 %

CABO stock opened at $375.34 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a twelve month low of $311.28 and a twelve month high of $574.53. The company has a market cap of $2.11 billion, a P/E ratio of 8.68 and a beta of 0.87. The business has a fifty day moving average of $379.12 and a 200-day moving average of $366.30.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $2.95 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a yield of 3.14%. Cable One’s payout ratio is presently 27.29%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cable One currently has a consensus rating of “Hold” and a consensus price target of $554.40.

About Cable One

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.