Cable One, Inc. (NYSE:CABO) Short Interest Update

Cable One, Inc. (NYSE:CABO - Get Free Report) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 719,900 shares, a drop of 5.3% from the November 15th total of 760,500 shares. Approximately 16.1% of the shares of the company are short sold. Based on an average trading volume of 86,500 shares, the short-interest ratio is presently 8.3 days.

Cable One Stock Performance

CABO stock traded down $1.08 during trading on Tuesday, reaching $364.93. 78,256 shares of the company's stock were exchanged, compared to its average volume of 101,660. Cable One has a 1-year low of $311.28 and a 1-year high of $574.53. The firm has a market cap of $2.05 billion, a PE ratio of 8.44 and a beta of 0.87. The company's fifty day moving average price is $379.85 and its 200-day moving average price is $366.22. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

The business 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 3.23%. The ex-dividend date is Tuesday, December 3rd. Cable One's payout ratio is currently 27.29%.

Hedge Funds Weigh In On Cable One

A number of institutional investors and hedge funds have recently bought and sold shares of CABO. Private Management Group Inc. boosted its holdings in shares of Cable One by 70.7% in the second quarter. Private Management Group Inc. now owns 113,641 shares of the company's stock valued at $40,229,000 after acquiring an additional 47,082 shares in the last quarter. Public Sector Pension Investment Board bought a new position in Cable One during the 2nd quarter valued at $3,554,000. Marshall Wace LLP bought a new position in Cable One during the 2nd quarter valued at $1,410,000. Speece Thorson Capital Group Inc. increased its position in shares of Cable One by 24.6% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company's stock valued at $9,566,000 after purchasing an additional 5,394 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Cable One by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company's stock worth $47,788,000 after buying an additional 8,339 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price 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 analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cable One presently has an average rating of "Hold" and a consensus target price 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.