Oddo BHF Asset Management Sas Purchases New Position in Cable One, Inc. (NYSE:CABO)

Oddo BHF Asset Management Sas bought a new position in Cable One, Inc. (NYSE:CABO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,051 shares of the company's stock, valued at approximately $717,000.

A number of other institutional investors also recently modified their holdings of CABO. Burgundy Asset Management Ltd. increased its holdings in Cable One by 42.4% in the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company's stock worth $102,894,000 after buying an additional 86,581 shares during the last quarter. AQR Capital Management LLC raised its holdings 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 purchasing an additional 60,045 shares in the last quarter. Private Management Group Inc. lifted its stake in shares of 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 last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Cable One by 28.1% in the 2nd 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 last quarter. Finally, Caprock Group LLC bought a new stake in Cable One in the second quarter worth $3,624,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

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 report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Cable One presently has a consensus rating of "Hold" and a consensus price target of $554.40.

Cable One Stock Performance

Shares of NYSE CABO traded down $4.14 during trading hours on Friday, hitting $374.34. 73,060 shares of the company's stock were exchanged, compared to its average volume of 101,816. The company's 50-day moving average price is $379.12 and its 200-day moving average price is $366.28. 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 $2.10 billion, a price-to-earnings ratio of 8.66 and a beta of 0.87. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, December 3rd. Cable One's payout ratio is presently 27.29%.

Cable One 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.