FORA Capital LLC Cuts Holdings in Cable One, Inc. (NYSE:CABO)

FORA Capital LLC lessened its position in shares of Cable One, Inc. (NYSE:CABO) by 35.0% in the third quarter, Holdings Channel.com reports. The fund owned 1,440 shares of the company’s stock after selling 774 shares during the quarter. FORA Capital LLC’s holdings in Cable One were worth $504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CABO. Versant Capital Management Inc lifted its stake in shares of Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after purchasing an additional 95 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Cable One in the second quarter valued at approximately $45,000. GAMMA Investing LLC lifted its position in Cable One by 964.3% during the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after buying an additional 135 shares in the last quarter. KBC Group NV grew its stake in Cable One by 45.5% during 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 period. Finally, Innealta Capital LLC acquired a new stake in shares of Cable One in the second quarter worth $65,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Trading Up 0.0 %

CABO opened at $419.57 on Friday. The firm’s 50 day moving average is $365.18 and its 200-day moving average is $363.67. Cable One, Inc. has a 52-week low of $311.28 and a 52-week high of $574.53. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $2.36 billion, a P/E ratio of 9.70 and a beta of 0.84.

Cable One Dividend Announcement

The business 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 dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s payout ratio is currently 27.29%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $531.67.

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.