DAVENPORT & Co LLC Reduces Stock Holdings in Cable One, Inc. (NYSE:CABO)

DAVENPORT & Co LLC decreased its stake in shares of Cable One, Inc. (NYSE:CABO) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,589 shares of the company’s stock after selling 3,664 shares during the period. DAVENPORT & Co LLC owned approximately 1.06% of Cable One worth $21,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CABO. Public Employees Retirement System of Ohio raised its holdings in shares of Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after acquiring an additional 29 shares in the last quarter. Bfsg LLC grew its position in Cable One by 3.5% during the third quarter. Bfsg LLC now owns 971 shares of the company’s stock valued at $340,000 after buying an additional 33 shares during the period. Sanctuary Advisors LLC lifted its stake in Cable One by 3.1% during the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after purchasing an additional 43 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Cable One by 32.2% in the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after buying an additional 48 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Trading Up 0.1 %

NYSE:CABO opened at $303.27 on Monday. The stock has a fifty day moving average price of $366.32 and a 200 day moving average price of $363.87. 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, Inc. has a 12-month low of $297.52 and a 12-month high of $566.88. The firm has a market cap of $1.70 billion, a PE ratio of 7.01 and a beta of 0.89.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were paid a $2.95 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a yield of 3.89%. Cable One’s dividend payout ratio is currently 27.29%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $554.40.

Cable One Company 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.