Pacer Advisors Inc. Grows Stock Holdings in Cable One, Inc. (NYSE:CABO)

Pacer Advisors Inc. lifted its position in shares of Cable One, Inc. (NYSE:CABO) by 102.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 414 shares of the company’s stock after buying an additional 209 shares during the quarter. Pacer Advisors Inc.’s holdings in Cable One were worth $150,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in Cable One in the 4th quarter worth $50,000. KBC Group NV lifted its stake in Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after purchasing an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after purchasing an additional 29 shares in the last quarter. GAMMA Investing LLC lifted its stake in Cable One by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock worth $69,000 after purchasing an additional 48 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased 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 note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $554.40.

Cable One Stock Performance

Shares of NYSE:CABO opened at $285.07 on Wednesday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 6.59 and a beta of 0.90. Cable One, Inc. has a 12 month low of $276.12 and a 12 month high of $515.49. The firm’s 50-day moving average is $360.86 and its 200 day moving average is $362.82. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 4.14%. Cable One’s payout ratio is 27.29%.

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.