Loomis Sayles & Co. L P Has $5 Million Position in Cable One, Inc. (NYSE:CABO)

Loomis Sayles & Co. L P lessened its position in Cable One, Inc. (NYSE:CABO) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,282 shares of the company’s stock after selling 751 shares during the period. Loomis Sayles & Co. L P owned about 0.25% of Cable One worth $4,996,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CABO. Burgundy Asset Management Ltd. lifted its holdings in Cable One by 42.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock valued at $102,894,000 after purchasing an additional 86,581 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Cable One by 4,228.5% in the second quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock valued at $21,436,000 after acquiring an additional 60,045 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after acquiring an additional 48,513 shares in the last quarter. Private Management Group Inc. grew its position in Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after acquiring an additional 47,082 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Cable One by 28.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock valued at $72,786,000 after purchasing an additional 45,115 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Up 0.0 %

NYSE:CABO opened at $419.57 on Thursday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 9.70 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. The stock’s fifty day moving average price is $363.72 and its two-hundred day moving average price is $363.28. Cable One, Inc. has a 52-week low of $311.28 and a 52-week high of $574.53.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is presently 27.29%.

Wall Street Analyst Weigh In

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

Cable One 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.