Cable One, Inc. (NYSE:CABO) Short Interest Update

Cable One, Inc. (NYSE:CABO) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 668,600 shares, a drop of 7.1% from the November 30th total of 719,900 shares. Based on an average daily volume of 84,900 shares, the days-to-cover ratio is presently 7.9 days. Currently, 15.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CABO. Public Employees Retirement System of Ohio lifted its stake 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 worth $60,000 after purchasing an additional 29 shares in the last quarter. Bfsg LLC boosted its stake 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 last quarter. Sanctuary Advisors LLC boosted its position in shares of Cable One by 3.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock valued at $505,000 after acquiring an additional 43 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Cable One by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock worth $69,000 after buying an additional 48 shares during the last quarter. Finally, KBC Group NV lifted its stake 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 purchasing an additional 50 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Price Performance

CABO stock traded down $7.96 during trading on Monday, reaching $362.61. The company’s stock had a trading volume of 74,824 shares, compared to its average volume of 100,929. The company’s fifty day moving average is $384.27 and its 200-day moving average is $365.49. Cable One has a 1 year low of $311.28 and a 1 year high of $574.53. The company has a market capitalization of $2.04 billion, a P/E ratio of 8.39 and a beta of 0.87. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is presently 27.29%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.