Pathstone Holdings LLC Has $1.68 Million Position in Cable One, Inc. (NYSE:CABO)

Pathstone Holdings LLC lessened its stake in shares of Cable One, Inc. (NYSE:CABO) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,799 shares of the company’s stock after selling 194 shares during the period. Pathstone Holdings LLC owned 0.09% of Cable One worth $1,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CABO. Burgundy Asset Management Ltd. increased its position in shares of Cable One by 42.4% in the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock worth $102,894,000 after purchasing an additional 86,581 shares during the period. AQR Capital Management LLC grew its stake in Cable One by 4,228.5% during the second quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock worth $21,436,000 after buying an additional 60,045 shares in the last quarter. Vanguard Group Inc. increased its holdings in Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after buying an additional 48,513 shares during the period. Private Management Group Inc. raised its position in shares of Cable One by 70.7% in the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after buying an additional 47,082 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Cable One by 28.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock worth $72,786,000 after acquiring an additional 45,115 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $531.67.

Cable One Stock Up 0.0 %

CABO stock opened at $419.57 on Thursday. The firm has a 50-day moving average price of $363.72 and a 200-day moving average price of $363.28. Cable One, Inc. has a 12 month low of $311.28 and a 12 month high of $574.53. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $2.36 billion, a P/E ratio of 9.70 and a beta of 0.84.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be paid a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, December 3rd. Cable One’s payout ratio is 27.29%.

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.