Public Sector Pension Investment Board Has $3.41 Million Stake in Cable One, Inc. (NYSE:CABO)

Public Sector Pension Investment Board cut its position in Cable One, Inc. (NYSE:CABO) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,740 shares of the company’s stock after selling 300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cable One were worth $3,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in shares of Cable One during the 2nd quarter valued at approximately $45,000. GAMMA Investing LLC raised its position in Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after purchasing an additional 135 shares during the last quarter. KBC Group NV lifted its holdings in Cable One by 45.5% during the 3rd 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. Innealta Capital LLC acquired a new stake in shares of Cable One in the second quarter valued at about $65,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cable One during the second quarter worth about $72,000. Institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of NYSE CABO opened at $410.67 on Wednesday. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $574.53. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 9.50 and a beta of 0.87. The firm’s 50-day simple moving average is $371.09 and its 200 day simple moving average is $364.12.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 2.87%. The ex-dividend date is Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is 27.29%.

Analyst Upgrades and Downgrades

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