1,752 Shares in Cable One, Inc. (NYSE:CABO) Bought by Weiss Asset Management LP

Weiss Asset Management LP bought a new stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,752 shares of the company's stock, valued at approximately $613,000.

Several other institutional investors also recently bought and sold shares of the stock. Burgundy Asset Management Ltd. increased its stake in shares of 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 purchasing an additional 86,581 shares during the period. Canada Pension Plan Investment Board grew its position in Cable One by 28.1% during the second quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company's stock worth $72,786,000 after buying an additional 45,115 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Cable One by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company's stock worth $47,788,000 after buying an additional 8,339 shares in the last quarter. Private Management Group Inc. grew its position in Cable One by 2.1% during the third quarter. Private Management Group Inc. now owns 115,999 shares of the company's stock worth $40,575,000 after buying an additional 2,358 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Cable One by 2.1% during the second quarter. Raymond James & Associates now owns 64,738 shares of the company's stock valued at $22,917,000 after purchasing an additional 1,312 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price target 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $554.40.

Cable One Stock Performance

CABO stock traded down $20.88 during mid-day trading on Monday, hitting $400.85. 77,172 shares of the company were exchanged, compared to its average volume of 102,322. The business has a 50 day simple moving average of $375.24 and a 200-day simple moving average of $365.21. 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 stock has a market capitalization of $2.25 billion, a PE ratio of 9.75 and a beta of 0.87. Cable One, Inc. has a 1-year low of $311.28 and a 1-year high of $574.53.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be given a $2.95 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a dividend yield of 2.94%. 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.