Sanctuary Advisors LLC Buys 43 Shares of Cable One, Inc. (NYSE:CABO)

Sanctuary Advisors LLC boosted its stake in Cable One, Inc. (NYSE:CABO) by 3.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,445 shares of the company’s stock after acquiring an additional 43 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cable One were worth $505,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CABO. Burgundy Asset Management Ltd. lifted its holdings in shares of Cable One by 42.4% in the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock worth $102,894,000 after buying an additional 86,581 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Cable One by 28.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock valued at $72,786,000 after purchasing an additional 45,115 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Cable One by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock valued at $47,788,000 after purchasing an additional 8,339 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Cable One by 1.6% in the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after purchasing an additional 1,839 shares during the period. Finally, Private Management Group Inc. raised its position in shares of Cable One by 2.1% in the third quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock worth $40,575,000 after buying an additional 2,358 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of NYSE:CABO opened at $368.80 on Thursday. The company’s fifty day moving average price is $383.77 and its 200-day moving average price is $365.37. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 8.53 and a beta of 0.87. Cable One, Inc. has a one year low of $311.28 and a one year high of $574.53.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were paid a $2.95 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a yield of 3.20%. Cable One’s dividend payout ratio is presently 27.29%.

Wall Street Analysts Forecast Growth

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

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.