MetLife Investment Management LLC Acquires 1,836 Shares of Cable One, Inc. (NYSE:CABO)

MetLife Investment Management LLC grew its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 129.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,259 shares of the company's stock after buying an additional 1,836 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Cable One worth $1,140,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CABO. Cerity Partners LLC lifted its stake in Cable One by 40.5% in the third quarter. Cerity Partners LLC now owns 1,825 shares of the company's stock worth $638,000 after acquiring an additional 526 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Cable One by 5.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 22,363 shares of the company's stock worth $7,822,000 after purchasing an additional 1,140 shares during the period. Eagle Asset Management Inc. lifted its position 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 worth $15,029,000 after purchasing an additional 8,563 shares during the period. Intech Investment Management LLC bought a new stake in shares of Cable One during the 3rd quarter valued at about $384,000. Finally, MAI Capital Management purchased a new position in shares of Cable One during the third quarter valued at about $533,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $554.40.

Cable One Stock Up 1.3 %

NYSE:CABO traded up $5.38 during trading hours on Friday, reaching $421.73. 59,339 shares of the company traded hands, compared to its average volume of 87,125. 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 business's 50-day moving average price is $375.24 and its two-hundred day moving average price is $365.10. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $574.53. The stock has a market capitalization of $2.37 billion, a P/E ratio of 9.75 and a beta of 0.87.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be paid a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One's payout ratio 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.