1,524 Shares in Cable One, Inc. (NYSE:CABO) Acquired by MAI Capital Management

MAI Capital Management bought a new stake in Cable One, Inc. (NYSE:CABO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,524 shares of the company's stock, valued at approximately $533,000.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc raised its position in Cable One by 452.4% in the second quarter. Versant Capital Management Inc now owns 116 shares of the company's stock worth $41,000 after acquiring an additional 95 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Cable One during the 2nd quarter valued at about $45,000. GAMMA Investing LLC increased its position in shares of Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company's stock valued at $53,000 after purchasing an additional 135 shares during the last quarter. KBC Group NV lifted its holdings in shares of Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after acquiring an additional 50 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Cable One in the 2nd quarter worth about $65,000. Institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

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

Cable One Trading Up 3.4 %

Shares of NYSE CABO traded up $13.70 during midday trading on Friday, reaching $416.55. 88,150 shares of the stock were exchanged, compared to its average volume of 97,413. The stock has a market capitalization of $2.34 billion, a P/E ratio of 9.63 and a beta of 0.84. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50 day simple moving average of $360.33 and a 200 day simple moving average of $363.29. Cable One, Inc. has a twelve month low of $311.28 and a twelve 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. Investors of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One's dividend payout ratio (DPR) is 27.29%.

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.