Geode Capital Management LLC Raises Stock Holdings in Cable One, Inc. (NYSE:CABO)

Geode Capital Management LLC increased its position in Cable One, Inc. (NYSE:CABO - Free Report) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 118,170 shares of the company's stock after acquiring an additional 1,839 shares during the period. Geode Capital Management LLC owned about 2.10% of Cable One worth $41,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Management Group Inc. raised its stake in 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 purchasing an additional 47,082 shares during the period. Public Sector Pension Investment Board purchased a new position in shares of Cable One during the second quarter valued at approximately $3,554,000. Marshall Wace LLP purchased a new stake in shares of Cable One during the second quarter valued at $1,410,000. Speece Thorson Capital Group Inc. grew its stake in Cable One by 24.6% in the 3rd 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. Finally, Dimensional Fund Advisors LP grew its stake in Cable One by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company's stock worth $47,788,000 after purchasing an additional 8,339 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Stock Up 0.4 %

Cable One stock traded up $1.31 during midday trading on Wednesday, reaching $368.80. The company's stock had a trading volume of 22,393 shares, compared to its average volume of 101,201. 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 stock has a market capitalization of $2.07 billion, a P/E ratio of 8.53 and a beta of 0.87. The stock's 50-day simple moving average is $383.77 and its 200-day simple moving average is $365.37. Cable One, Inc. has a 52-week low of $311.28 and a 52-week high of $574.53.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were given a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Tuesday, December 3rd. Cable One's payout ratio is currently 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 note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cable One currently has an average 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.