Cable One, Inc. (NYSE:CABO - Get Free Report)'s share price was up 4.1% during mid-day trading on Friday . The company traded as high as $370.24 and last traded at $370.24. Approximately 12,309 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 101,077 shares. The stock had previously closed at $355.67.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. reduced 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 report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $554.40.
Read Our Latest Report on CABO
Cable One Stock Up 3.8 %
The firm's fifty day simple moving average is $382.04 and its 200-day simple moving average is $365.95. The company has a market cap of $2.07 billion, a PE ratio of 8.54 and a beta of 0.87. 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 announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Tuesday, December 3rd. Cable One's dividend payout ratio (DPR) is presently 27.29%.
Hedge Funds Weigh In On Cable One
A number of institutional investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC purchased a new stake in Cable One during the 2nd quarter worth about $45,000. KBC Group NV grew its holdings in shares of Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after buying an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock valued at $60,000 after buying an additional 29 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Cable One during the second quarter valued at approximately $65,000. Finally, GAMMA Investing LLC boosted its position in Cable One by 32.2% during the third 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. 89.92% of the stock is owned by institutional investors and hedge funds.
About Cable One
(
Get Free Report)
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.
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