Cable One (NYSE:CABO) Trading 4.1% Higher – Here’s What Happened

Cable One, Inc. (NYSE:CABO)’s stock price traded up 4.1% during mid-day trading on Friday . The stock traded as high as $370.24 and last traded at $370.24. 12,309 shares traded hands during trading, a decline of 88% from the average session volume of 101,077 shares. The stock had previously closed at $355.67.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $554.40.

Cable One Stock Up 4.7 %

The business’s fifty day simple moving average is $381.61 and its 200 day simple moving average is $366.02. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 8.61 and a beta of 0.87. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be paid a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s payout ratio is 27.29%.

Institutional Trading of Cable One

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas bought a new stake in Cable One in the 3rd quarter valued at $717,000. Sanctuary Advisors LLC raised its position in shares of Cable One by 3.1% in the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock valued at $505,000 after purchasing an additional 43 shares during the period. Virtu Financial LLC bought a new stake in shares of Cable One during the 3rd quarter worth about $240,000. Geode Capital Management LLC grew its stake in Cable One by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock valued at $41,342,000 after buying an additional 1,839 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.