Cable One, Inc. (NYSE:CABO) Stake Lowered by Bfsg LLC

Bfsg LLC reduced its stake in shares of Cable One, Inc. (NYSE:CABO) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 884 shares of the company’s stock after selling 87 shares during the period. Bfsg LLC’s holdings in Cable One were worth $320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CABO. Public Employees Retirement System of Ohio boosted its holdings in Cable One by 20.4% in the third 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. Sanctuary Advisors LLC boosted its holdings in Cable One by 3.1% in the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after purchasing an additional 43 shares in the last quarter. KBC Group NV boosted its holdings in Cable One by 45.5% in the third 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. MML Investors Services LLC boosted its holdings in Cable One by 3.6% in the third quarter. MML Investors Services LLC now owns 2,090 shares of the company’s stock worth $731,000 after purchasing an additional 72 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Cable One by 17.5% in the third quarter. Harbor Capital Advisors Inc. now owns 491 shares of the company’s stock worth $172,000 after purchasing an additional 73 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Cable One Stock Down 1.9 %

Cable One stock opened at $289.54 on Wednesday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 6.70 and a beta of 0.89. 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 fifty-two week low of $271.18 and a fifty-two week high of $495.00. The firm has a fifty day moving average price of $337.35 and a two-hundred day moving average price of $356.87.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One’s dividend 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.