Charles Schwab Investment Management Inc. Sells 6,819 Shares of Cable One, Inc. (NYSE:CABO)

Charles Schwab Investment Management Inc. lowered its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,721 shares of the company's stock after selling 6,819 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.42% of Cable One worth $27,886,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jane Street Group LLC grew its stake in Cable One by 880.9% in the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock valued at $6,292,000 after purchasing an additional 13,354 shares during the period. Private Management Group Inc. lifted its position in shares of Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company's stock valued at $40,229,000 after buying an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Cable One during the 2nd quarter valued at $3,554,000. Marshall Wace LLP purchased a new position in shares of Cable One during the 2nd quarter valued at $1,410,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cable One by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company's stock valued at $47,788,000 after buying an additional 8,339 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Cable One Price Performance

Shares of NYSE:CABO traded up $7.04 on Thursday, hitting $416.35. The company's stock had a trading volume of 58,368 shares, compared to its average volume of 102,613. The company has a 50-day simple moving average of $372.44 and a 200 day simple moving average of $364.43. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $574.53. The company has a market capitalization of $2.34 billion, a PE ratio of 9.47 and a beta of 0.87. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a $2.95 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 annualized dividend and a dividend yield of 2.83%. Cable One's payout ratio is currently 27.29%.

Analyst Upgrades and Downgrades

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 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. According to MarketBeat, Cable One presently has a consensus rating of "Hold" and a consensus price target of $554.40.

Cable One 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.