M&T Bank Corp Sells 1,546 Shares of Cable One, Inc. (NYSE:CABO)

M&T Bank Corp trimmed its position in Cable One, Inc. (NYSE:CABO - Free Report) by 71.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 611 shares of the company's stock after selling 1,546 shares during the quarter. M&T Bank Corp's holdings in Cable One were worth $213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. boosted its holdings in Cable One by 42.4% during the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company's stock worth $102,894,000 after buying an additional 86,581 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Cable One by 28.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company's stock valued at $72,786,000 after buying an additional 45,115 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cable One by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company's stock valued at $47,788,000 after acquiring an additional 8,339 shares in the last quarter. Private Management Group Inc. boosted its position in Cable One by 2.1% during the 3rd quarter. Private Management Group Inc. now owns 115,999 shares of the company's stock worth $40,575,000 after acquiring an additional 2,358 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Cable One by 2.1% during the 2nd quarter. Raymond James & Associates now owns 64,738 shares of the company's stock worth $22,917,000 after acquiring an additional 1,312 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price objective on shares of Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $554.40.

Cable One Stock Up 3.8 %

NYSE CABO traded up $13.39 during trading hours on Friday, hitting $369.06. 158,546 shares of the company traded hands, compared to its average volume of 101,710. 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 business's 50-day moving average is $382.04 and its 200-day moving average is $365.95. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 8.54 and a beta of 0.87. Cable One, Inc. has a twelve month low of $311.28 and a twelve month high of $574.53.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Tuesday, December 3rd. Cable One's payout ratio is presently 27.29%.

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.