Cable One, Inc. (NYSE:CABO) Shares Sold by Private Management Group Inc.

Private Management Group Inc. trimmed its position in shares of Cable One, Inc. (NYSE:CABO) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,602 shares of the company’s stock after selling 2,397 shares during the period. Cable One makes up 1.5% of Private Management Group Inc.’s portfolio, making the stock its 12th biggest position. Private Management Group Inc. owned 2.02% of Cable One worth $41,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CABO. Speece Thorson Capital Group Inc. grew its stake in shares of Cable One by 24.6% during the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock valued at $9,566,000 after acquiring an additional 5,394 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Cable One by 116.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock valued at $1,573,000 after purchasing an additional 2,419 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Cable One by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock worth $1,140,000 after purchasing an additional 1,836 shares during the last quarter. Creative Planning raised its position in shares of Cable One by 209.3% in the 2nd quarter. Creative Planning now owns 3,532 shares of the company’s stock valued at $1,250,000 after purchasing an additional 2,390 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Cable One by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock valued at $41,342,000 after buying an additional 1,839 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Trading Up 1.4 %

Shares of NYSE CABO opened at $288.49 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock’s 50 day moving average price is $358.24 and its two-hundred day moving average price is $362.30. Cable One, Inc. has a 52-week low of $276.12 and a 52-week high of $513.70. The stock has a market capitalization of $1.62 billion, a P/E ratio of 6.67 and a beta of 0.90.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 4.09%. The ex-dividend date is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is presently 27.29%.

Analyst Ratings Changes

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

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.