Cable One, Inc. (NYSE:CABO) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in Cable One, Inc. (NYSE:CABO) by 20.4% in the third quarter, HoldingsChannel.com reports. The firm owned 171 shares of the company’s stock after purchasing an additional 29 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Cable One were worth $60,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its holdings in shares of Cable One by 76.9% in the second quarter. Louisiana State Employees Retirement System now owns 2,300 shares of the company’s stock valued at $814,000 after buying an additional 1,000 shares during the period. Raymond James Trust N.A. raised its position in Cable One by 2.1% in the second quarter. Raymond James Trust N.A. now owns 1,581 shares of the company’s stock worth $560,000 after acquiring an additional 33 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Cable One by 0.8% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 14,318 shares of the company’s stock valued at $5,069,000 after acquiring an additional 110 shares during the last quarter. Bfsg LLC boosted its position in shares of Cable One by 53.0% during the 2nd quarter. Bfsg LLC now owns 938 shares of the company’s stock valued at $332,000 after purchasing an additional 325 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Cable One in the 2nd quarter worth approximately $179,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $554.40.

Cable One Price Performance

NYSE CABO opened at $369.06 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $574.53. The company has a market cap of $2.07 billion, a PE ratio of 8.54 and a beta of 0.87. The stock’s 50-day moving average price is $382.64 and its two-hundred day moving average price is $365.53.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.20%. Cable One’s dividend payout ratio is currently 27.29%.

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.