Cable One, Inc. (NYSE:CABO) Stock Position Lowered by Stifel Financial Corp

Stifel Financial Corp reduced its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 57.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,905 shares of the company's stock after selling 2,597 shares during the period. Stifel Financial Corp's holdings in Cable One were worth $666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CABO. Private Management Group Inc. increased its holdings in Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company's stock worth $40,229,000 after purchasing an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Cable One in the second quarter worth $3,554,000. Marshall Wace LLP acquired a new stake in Cable One in the second quarter valued at $1,410,000. Speece Thorson Capital Group Inc. boosted its stake in Cable One by 24.6% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company's stock valued at $9,566,000 after acquiring an additional 5,394 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Cable One by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company's stock worth $47,788,000 after acquiring an additional 8,339 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on shares of 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 equities research analyst has 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 a consensus rating of "Hold" and a consensus price target of $554.40.

Cable One Stock Performance

Shares of Cable One stock traded up $4.62 during trading hours on Thursday, reaching $373.42. The company's stock had a trading volume of 68,024 shares, compared to its average volume of 101,067. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One, Inc. has a one year low of $311.28 and a one year high of $574.53. The company's 50 day simple moving average is $383.77 and its 200 day simple moving average is $365.37. The stock has a market cap of $2.10 billion, a P/E ratio of 8.64 and a beta of 0.87.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cable One's payout ratio is 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.