DAVENPORT & Co LLC Reduces Stock Position in Cable One, Inc. (NYSE:CABO)

DAVENPORT & Co LLC decreased its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,589 shares of the company's stock after selling 3,664 shares during the period. DAVENPORT & Co LLC owned approximately 1.06% of Cable One worth $21,608,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of Cable One in the 2nd quarter worth $1,410,000. Speece Thorson Capital Group Inc. grew its position in Cable One by 24.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company's stock worth $9,566,000 after acquiring an additional 5,394 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Cable One by 116.4% during the third quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company's stock worth $1,573,000 after acquiring an additional 2,419 shares during the last quarter. MetLife Investment Management LLC increased its stake in Cable One by 129.0% during the third quarter. MetLife Investment Management LLC now owns 3,259 shares of the company's stock worth $1,140,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Private Management Group Inc. raised its position in Cable One by 2.1% during the third quarter. Private Management Group Inc. now owns 115,999 shares of the company's stock valued at $40,575,000 after purchasing an additional 2,358 shares during the period. 89.92% of the stock is owned by institutional investors.

Cable One Trading Down 2.7 %

Shares of NYSE:CABO traded down $7.75 during trading hours on Thursday, hitting $281.16. 179,816 shares of the company's stock traded hands, compared to its average volume of 112,555. The firm has a market capitalization of $1.58 billion, a P/E ratio of 6.50 and a beta of 0.89. The business has a fifty day moving average price of $355.47 and a 200-day moving average price of $361.73. Cable One, Inc. has a 1 year low of $276.12 and a 1 year high of $513.70. 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 Announces Dividend

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average 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.