MAI Capital Management purchased a new position in Cable One, Inc. (NYSE:CABO - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,524 shares of the company's stock, valued at approximately $533,000.
Several other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company's stock valued at $41,000 after acquiring an additional 95 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in Cable One during the second quarter valued at about $45,000. GAMMA Investing LLC grew its holdings in Cable One by 964.3% during 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. KBC Group NV grew its holdings in Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares during the period. Finally, Innealta Capital LLC bought a new stake in Cable One during the second quarter valued at about $65,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Separately, JPMorgan Chase & Co. dropped their price objective on Cable One from $480.00 to $470.00 and set a "neutral" rating for the company in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Cable One has an average rating of "Hold" and an average target price of $531.67.
Check Out Our Latest Analysis on CABO
NYSE CABO opened at $416.55 on Friday. The company has a market cap of $2.34 billion, a P/E ratio of 9.63 and a beta of 0.84. The business's 50 day moving average price is $358.75 and its 200-day moving average price is $363.18. 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 debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be paid a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One's dividend payout ratio is currently 27.29%.
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.
Before you consider Cable One, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cable One wasn't on the list.
While Cable One currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.