GSA Capital Partners LLP Reduces Stock Position in Cable One, Inc. (NYSE:CABO)

GSA Capital Partners LLP trimmed its stake in shares of Cable One, Inc. (NYSE:CABO) by 65.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 779 shares of the company’s stock after selling 1,470 shares during the period. GSA Capital Partners LLP’s holdings in Cable One were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CABO. Versant Capital Management Inc grew its position in Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after purchasing an additional 95 shares during the period. Abich Financial Wealth Management LLC bought a new stake in shares of Cable One in the second quarter worth $45,000. GAMMA Investing LLC grew its holdings in shares of Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after acquiring an additional 135 shares during the period. Innealta Capital LLC purchased a new stake in Cable One during the second quarter valued at $65,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Cable One in the second quarter valued at about $72,000. Institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of Cable One stock opened at $416.55 on Friday. The stock’s fifty day moving average is $360.33 and its 200 day moving average is $363.29. Cable One, Inc. has a one year low of $311.28 and a one year 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 $2.34 billion, a P/E ratio of 9.63 and a beta of 0.84.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, December 3rd. Cable One’s dividend payout ratio is currently 27.29%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Cable One has a consensus rating of “Hold” and a consensus price target of $531.67.

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.