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

Cable One, Inc. (NYSE:CABO) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 719,900 shares, a decline of 5.3% from the November 15th total of 760,500 shares. Approximately 16.1% of the company’s shares are short sold. Based on an average daily volume of 86,500 shares, the short-interest ratio is currently 8.3 days.

Cable One Stock Down 1.9 %

Shares of NYSE:CABO opened at $367.14 on Tuesday. The stock’s 50-day moving average is $379.85 and its 200 day moving average is $366.22. The company has a market cap of $2.06 billion, a PE ratio of 8.49 and a beta of 0.87. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. Cable One has a 1 year low of $311.28 and a 1 year high of $574.53.

Cable One Dividend Announcement

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 issued a dividend of $2.95 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.21%. Cable One’s dividend payout ratio is presently 27.29%.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas purchased a new stake in Cable One in the third quarter worth about $717,000. Sanctuary Advisors LLC lifted its stake in shares of Cable One by 3.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock valued at $505,000 after purchasing an additional 43 shares during the period. Virtu Financial LLC bought a new stake in shares of Cable One during the third quarter valued at approximately $240,000. Geode Capital Management LLC grew its stake in Cable One by 1.6% in the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after purchasing an additional 1,839 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Cable One by 20.4% in the third 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. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.