Speece Thorson Capital Group Inc. Buys 5,394 Shares of Cable One, Inc. (NYSE:CABO)

Speece Thorson Capital Group Inc. grew its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 24.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,348 shares of the company's stock after acquiring an additional 5,394 shares during the quarter. Speece Thorson Capital Group Inc. owned 0.49% of Cable One worth $9,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CABO. Aigen Investment Management LP acquired a new position in Cable One during the 3rd quarter worth approximately $358,000. Crossmark Global Holdings Inc. raised its stake in Cable One by 24.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,008 shares of the company's stock valued at $353,000 after acquiring an additional 198 shares during the period. Covestor Ltd raised its stake in Cable One by 18.0% in the 3rd quarter. Covestor Ltd now owns 591 shares of the company's stock valued at $207,000 after acquiring an additional 90 shares during the period. Markel Group Inc. increased its position in Cable One by 11.6% during the 3rd quarter. Markel Group Inc. now owns 60,050 shares of the company's stock worth $21,005,000 after buying an additional 6,250 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Cable One by 17.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 491 shares of the company's stock worth $172,000 after buying an additional 73 shares during the period. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their target price on Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Cable One presently has an average rating of "Hold" and an average target price of $531.67.

Cable One Trading Up 2.5 %

Shares of Cable One stock traded up $10.23 during midday trading on Wednesday, reaching $412.48. The company had a trading volume of 109,327 shares, compared to its average volume of 104,179. The firm has a market cap of $2.32 billion, a PE ratio of 9.54 and a beta of 0.84. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 1.81. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $574.76. The stock has a fifty day moving average price of $350.74 and a 200 day moving average price of $362.62.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a yield of 2.86%. Cable One's dividend payout ratio (DPR) is currently 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.