Intech Investment Management LLC Invests $384,000 in Cable One, Inc. (NYSE:CABO)

Intech Investment Management LLC purchased a new stake in shares of Cable One, Inc. (NYSE:CABO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,097 shares of the company’s stock, valued at approximately $384,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. grew its position in Cable One by 42.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock worth $102,894,000 after acquiring an additional 86,581 shares during the last quarter. AQR Capital Management LLC increased its holdings in Cable One by 4,228.5% during the 2nd quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock worth $21,436,000 after purchasing an additional 60,045 shares in the last quarter. Private Management Group Inc. increased its holdings in Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after purchasing an additional 47,082 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Cable One by 28.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock valued at $72,786,000 after acquiring an additional 45,115 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Cable One by 880.9% during the first quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after purchasing an additional 13,354 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price target on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Two equities research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $531.67.

Cable One Stock Down 2.2 %

Cable One stock opened at $410.67 on Wednesday. Cable One, Inc. has a twelve month low of $311.28 and a twelve month high of $574.53. The firm has a 50 day moving average price of $371.09 and a 200-day moving average price of $364.12. The company has a market capitalization of $2.31 billion, a P/E ratio of 9.50 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 2.87%. The ex-dividend date is Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) 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.