Verition Fund Management LLC Buys Shares of 937 Cable One, Inc. (NYSE:CABO)

Verition Fund Management LLC purchased a new position in Cable One, Inc. (NYSE:CABO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 937 shares of the company’s stock, valued at approximately $328,000.

A number of other institutional investors have also made changes to their positions in the stock. Abich Financial Wealth Management LLC bought a new position in Cable One during the second quarter worth about $45,000. KBC Group NV raised its position 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 acquiring an additional 50 shares during the period. Innealta Capital LLC bought a new position in Cable One during the 2nd quarter worth approximately $65,000. GAMMA Investing LLC grew its holdings in Cable One by 32.2% during the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after purchasing an additional 48 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cable One in the second quarter worth $72,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Trading Down 0.8 %

CABO opened at $375.34 on Friday. The company has a 50-day simple moving average of $379.12 and a 200 day simple moving average of $366.30. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 8.68 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, Inc. has a twelve month low of $311.28 and a twelve month high of $574.53.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a $2.95 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a yield of 3.14%. Cable One’s payout ratio is presently 27.29%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped 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 analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cable One has an average rating of “Hold” and a consensus 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.