Point72 DIFC Ltd Acquires New Shares in Cable One, Inc. (NYSE:CABO)

Point72 DIFC Ltd purchased a new position in Cable One, Inc. (NYSE:CABO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,236 shares of the company's stock, valued at approximately $432,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. lifted its stake 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 acquiring an additional 86,581 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Cable One by 28.1% in the second 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cable One by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company's stock valued at $47,788,000 after purchasing an additional 8,339 shares in the last quarter. Private Management Group Inc. boosted its holdings in Cable One by 2.1% during the third quarter. Private Management Group Inc. now owns 115,999 shares of the company's stock worth $40,575,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Cable One by 2.1% during the second quarter. Raymond James & Associates now owns 64,738 shares of the company's stock worth $22,917,000 after purchasing an additional 1,312 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Stock Performance

Shares of CABO stock traded up $5.38 during trading hours on Friday, hitting $421.73. 59,339 shares of the company were exchanged, compared to its average volume of 87,125. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 9.75 and a beta of 0.87. The firm has a fifty day simple moving average of $375.24 and a 200 day simple moving average of $365.10. Cable One, Inc. has a 52-week low of $311.28 and a 52-week high of $574.53.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One's dividend payout ratio (DPR) is currently 27.29%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Cable One currently has an average rating of "Hold" and an average target price 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.