JPMorgan Chase & Co. Decreases Stock Holdings in Cable One, Inc. (NYSE:CABO)

JPMorgan Chase & Co. lessened its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 99.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,036 shares of the company's stock after selling 8,349,021 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of Cable One worth $4,210,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Cable One by 4,228.5% during the 2nd quarter. AQR Capital Management LLC now owns 61,465 shares of the company's stock valued at $21,436,000 after buying an additional 60,045 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Cable One by 28.1% during the second quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company's stock valued at $72,786,000 after purchasing an additional 45,115 shares during the period. Public Sector Pension Investment Board purchased a new stake in Cable One during the second quarter valued at approximately $3,554,000. Eagle Asset Management Inc. lifted its stake in shares of Cable One by 24.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company's stock valued at $15,029,000 after purchasing an additional 8,563 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Cable One by 6.6% in the 2nd 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 during the period. Institutional investors own 89.92% of the company's stock.

Cable One Trading Up 0.3 %

CABO traded up $0.91 on Friday, reaching $331.36. 62,158 shares of the company traded hands, compared to its average volume of 73,005. The company has a market cap of $1.86 billion, a P/E ratio of 7.66 and a beta of 0.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a one year low of $311.28 and a one year high of $573.03. The firm has a fifty day simple moving average of $382.00 and a two-hundred day simple moving average of $364.92.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $2.95 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $11.80 annualized dividend and a yield of 3.56%. Cable One's payout ratio is currently 27.29%.

Wall Street Analysts Forecast Growth

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