Massachusetts Financial Services Co. MA Sells 131,597 Shares of Cable One, Inc. (NYSE:CABO)

Massachusetts Financial Services Co. MA trimmed its position in Cable One, Inc. (NYSE:CABO - Free Report) by 70.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,167 shares of the company's stock after selling 131,597 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.98% of Cable One worth $19,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CABO. Jane Street Group LLC lifted its holdings in shares of Cable One by 880.9% during the first quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock worth $6,292,000 after buying an additional 13,354 shares during the last quarter. Vanguard Group Inc. raised its stake in Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company's stock valued at $207,409,000 after purchasing an additional 48,513 shares during the last quarter. Private Management Group Inc. boosted its holdings in Cable One by 70.7% in 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 bought a new position in shares of Cable One during the 2nd quarter worth about $3,554,000. Finally, Marshall Wace LLP acquired a new position in shares of Cable One during the second quarter valued at about $1,410,000. 89.92% of the stock is owned by institutional investors.

Cable One Price Performance

NYSE CABO traded down $6.52 on Tuesday, reaching $419.47. The company's stock had a trading volume of 55,446 shares, compared to its average volume of 103,486. Cable One, Inc. has a 52 week low of $311.28 and a 52 week high of $574.53. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a market cap of $2.36 billion, a PE ratio of 9.70 and a beta of 0.84. The business has a 50-day moving average price of $362.05 and a 200 day moving average price of $363.10.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $2.95 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 annualized dividend and a yield of 2.81%. Cable One's dividend payout ratio is currently 27.29%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target 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 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. According to data from MarketBeat.com, Cable One has an average rating of "Hold" and an average target price of $531.67.

Cable One Company 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.