Cable One, Inc. (NYSE:CABO) Short Interest Update

Cable One, Inc. (NYSE:CABO) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 668,600 shares, a decrease of 7.1% from the November 30th total of 719,900 shares. Based on an average daily volume of 84,900 shares, the short-interest ratio is currently 7.9 days. Currently, 15.0% of the company’s shares are short sold.

Institutional Trading of Cable One

Several hedge funds have recently modified their holdings of CABO. Abich Financial Wealth Management LLC purchased a new position in Cable One in the second quarter worth $45,000. KBC Group NV raised its stake in Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after buying an additional 50 shares during the last quarter. 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 acquiring an additional 29 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Cable One by 32.2% during the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock worth $69,000 after acquiring an additional 48 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cable One during the second quarter valued at about $72,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Stock Down 2.1 %

Cable One stock traded down $7.96 during mid-day trading on Monday, reaching $362.61. 74,824 shares of the company were exchanged, compared to its average volume of 100,929. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $2.04 billion, a P/E ratio of 8.39 and a beta of 0.87. Cable One has a 12-month low of $311.28 and a 12-month high of $574.53. The business has a fifty day moving average of $384.27 and a 200 day moving average of $365.49.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were issued a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a yield of 3.25%. Cable One’s dividend payout ratio is presently 27.29%.

Analyst Upgrades and Downgrades

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

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.