Cable One, Inc. (NYSE:CABO) Position Boosted by Wallace Capital Management Inc.

Wallace Capital Management Inc. grew its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,724 shares of the company's stock after buying an additional 3,041 shares during the quarter. Cable One accounts for 2.2% of Wallace Capital Management Inc.'s portfolio, making the stock its 10th largest position. Wallace Capital Management Inc. owned about 0.83% of Cable One worth $16,344,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Raymond James Trust N.A. boosted its stake in shares of Cable One by 2.1% in the 2nd quarter. Raymond James Trust N.A. now owns 1,581 shares of the company's stock worth $560,000 after buying an additional 33 shares during the last quarter. Bfsg LLC boosted its position in Cable One by 3.5% in the third quarter. Bfsg LLC now owns 971 shares of the company's stock worth $340,000 after purchasing an additional 33 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Cable One by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company's stock valued at $419,000 after purchasing an additional 41 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Cable One by 32.2% during the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company's stock valued at $69,000 after purchasing an additional 48 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Stock Performance

NYSE CABO traded up $5.38 on Friday, reaching $421.73. 59,317 shares of the stock were exchanged, compared to its average volume of 102,429. The firm has a market capitalization of $2.37 billion, a PE ratio of 9.63 and a beta of 0.87. 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 $373.88 and its two-hundred day simple moving average is $364.79. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a yield of 2.80%. Cable One's dividend payout ratio is presently 27.29%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on shares of Cable One from $480.00 to $470.00 and set a "neutral" rating for the company 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. According to data from MarketBeat.com, Cable One has an average rating of "Hold" and an average price target of $554.40.

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.