Janus Henderson Group PLC Lowers Stock Position in Cable One, Inc. (NYSE:CABO)

Janus Henderson Group PLC lowered its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 84.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,457 shares of the company's stock after selling 64,059 shares during the quarter. Janus Henderson Group PLC owned about 0.20% of Cable One worth $4,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new position in shares of Cable One during the second quarter valued at $45,000. KBC Group NV grew its position in Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares during the last quarter. Innealta Capital LLC bought a new stake in Cable One during the 2nd quarter valued at about $65,000. GAMMA Investing LLC raised its holdings in Cable One by 32.2% in the third quarter. GAMMA Investing LLC now owns 197 shares of the company's stock worth $69,000 after buying an additional 48 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cable One in the second quarter worth approximately $72,000. 89.92% of the stock is owned by institutional investors.

Cable One Price Performance

Cable One stock traded down $13.49 during mid-day trading on Wednesday, reaching $382.13. 65,313 shares of the company's stock traded hands, compared to its average volume of 102,004. The stock has a 50 day moving average of $377.84 and a two-hundred day moving average of $366.06. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 8.84 and a beta of 0.87. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $574.53.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $11.80 annualized dividend and a dividend yield of 3.09%. Cable One's dividend payout ratio (DPR) is presently 27.29%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their target price 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $554.40.

About Cable One

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.