Cable One, Inc. (NYSE:CABO) Shares Sold by FORA Capital LLC

FORA Capital LLC trimmed its stake in shares of Cable One, Inc. (NYSE:CABO) by 35.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,440 shares of the company’s stock after selling 774 shares during the period. FORA Capital LLC’s holdings in Cable One were worth $504,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $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 worth $45,000. GAMMA Investing LLC boosted its position in shares of Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after buying an additional 135 shares in the last quarter. KBC Group NV grew its stake in Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in Cable One during the 2nd quarter valued at about $65,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

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 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Cable One currently has a consensus rating of “Hold” and an average target price of $531.67.

Cable One Trading Up 0.0 %

Shares of Cable One stock opened at $419.57 on Friday. The firm has a market cap of $2.36 billion, a PE ratio of 9.70 and a beta of 0.84. 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 fifty-two week low of $311.28 and a fifty-two week high of $574.53. The business’s fifty day moving average is $365.18 and its two-hundred day moving average is $363.67.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is 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.