Private Management Group Inc. Sells 2,397 Shares of Cable One, Inc. (NYSE:CABO)

Private Management Group Inc. lowered its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 113,602 shares of the company's stock after selling 2,397 shares during the period. Cable One makes up approximately 1.5% of Private Management Group Inc.'s portfolio, making the stock its 12th biggest holding. Private Management Group Inc. owned about 2.02% of Cable One worth $41,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Cable One by 209.3% during the second quarter. Creative Planning now owns 3,532 shares of the company's stock valued at $1,250,000 after buying an additional 2,390 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Cable One during the 2nd quarter worth $546,000. GAMMA Investing LLC boosted its holdings in Cable One by 32.2% during the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company's stock worth $69,000 after acquiring an additional 48 shares during the last quarter. Howard Financial Services LTD. bought a new stake in shares of Cable One in the 3rd quarter worth $265,000. Finally, Inspire Investing LLC raised its holdings in shares of Cable One by 16.7% in the third quarter. Inspire Investing LLC now owns 1,172 shares of the company's stock valued at $410,000 after purchasing an additional 168 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Stock Performance

Shares of NYSE CABO traded down $1.04 during mid-day trading on Friday, reaching $280.95. 237,292 shares of the company's stock were exchanged, compared to its average volume of 109,571. The firm has a 50-day moving average price of $352.69 and a two-hundred day moving average price of $361.30. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 6.50 and a beta of 0.89. Cable One, Inc. has a 52 week low of $271.18 and a 52 week high of $513.70.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be given a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, February 18th. Cable One's dividend payout ratio is 27.29%.

Analyst Upgrades and Downgrades

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

Cable One Company 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.