Cable One, Inc. (NYSE:CABO) Shares Purchased by KBC Group NV

KBC Group NV raised its holdings in Cable One, Inc. (NYSE:CABO) by 45.5% in the third quarter, Holdings Channel reports. The fund owned 160 shares of the company’s stock after buying an additional 50 shares during the period. KBC Group NV’s holdings in Cable One were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CABO. Versant Capital Management Inc increased its holdings in shares of Cable One by 452.4% in the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after purchasing an additional 95 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Cable One during the 2nd quarter valued at about $45,000. GAMMA Investing LLC grew its holdings in shares of Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after purchasing an additional 135 shares during the period. Innealta Capital LLC purchased a new position in Cable One during the second quarter worth about $65,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Cable One in the 2nd quarter valued at about $72,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $531.67.

Cable One Stock Performance

NYSE:CABO opened at $416.55 on Friday. The stock has a market capitalization of $2.34 billion, a P/E ratio of 9.63 and a beta of 0.84. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $574.53. The company has a 50 day moving average price of $360.33 and a 200 day moving average price of $363.29.

Cable One Dividend Announcement

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

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.