Inspire Investing LLC Has $402,000 Position in Cable One, Inc. (NYSE:CABO)

Inspire Investing LLC decreased its position in shares of Cable One, Inc. (NYSE:CABO) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,109 shares of the company’s stock after selling 63 shares during the quarter. Inspire Investing LLC’s holdings in Cable One were worth $402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV increased its position in 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 purchasing an additional 50 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after buying an additional 29 shares during the last quarter. GAMMA Investing LLC lifted its holdings in 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Cable One in the second quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC grew its holdings in Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after acquiring an additional 220 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Trading Down 1.3 %

Shares of NYSE CABO opened at $333.99 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a twelve month low of $311.28 and a twelve month high of $573.03. The company’s fifty day moving average is $374.57 and its 200-day moving average is $364.70. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 7.72 and a beta of 0.89.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is presently 27.29%.

Wall Street Analysts Forecast Growth

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

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.