GSA Capital Partners LLP Sells 1,470 Shares of Cable One, Inc. (NYSE:CABO)

GSA Capital Partners LLP reduced its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 65.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 779 shares of the company's stock after selling 1,470 shares during the period. GSA Capital Partners LLP's holdings in Cable One were worth $272,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CABO. Jane Street Group LLC grew its position in Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock worth $6,292,000 after acquiring an additional 13,354 shares during the last quarter. Vanguard Group Inc. raised its holdings in Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company's stock valued at $207,409,000 after buying an additional 48,513 shares during the last quarter. Private Management Group Inc. grew its holdings in Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company's stock worth $40,229,000 after acquiring an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Cable One during the second quarter valued at $3,554,000. Finally, Marshall Wace LLP bought a new stake in shares of Cable One in the second quarter worth $1,410,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Stock Up 3.4 %

Shares of CABO stock traded up $13.70 on Friday, reaching $416.55. 88,150 shares of the company were exchanged, compared to its average volume of 97,413. Cable One, Inc. has a one year low of $311.28 and a one year high of $574.53. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 9.63 and a beta of 0.84. The company has a 50-day moving average of $360.33 and a 200-day moving average of $362.86. 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be given a dividend of $2.95 per share. 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 27.29%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $531.67.

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.