Stifel Financial Corp Lowers Holdings in Cable One, Inc. (NYSE:CABO)

Stifel Financial Corp lowered its holdings in Cable One, Inc. (NYSE:CABO) by 57.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,905 shares of the company’s stock after selling 2,597 shares during the period. Stifel Financial Corp’s holdings in Cable One were worth $666,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC acquired a new position in shares of Cable One in the second quarter worth $45,000. KBC Group NV boosted its holdings in Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after purchasing an additional 50 shares during the period. Innealta Capital LLC acquired a new position in Cable One during the 2nd quarter worth $65,000. GAMMA Investing LLC grew its stake in Cable One by 32.2% during the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock worth $69,000 after purchasing an additional 48 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cable One during the 2nd quarter worth about $72,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased 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 issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $554.40.

Cable One Stock Performance

NYSE:CABO opened at $368.80 on Thursday. The firm has a market capitalization of $2.07 billion, a PE ratio of 8.53 and a beta of 0.87. The business’s fifty day moving average price is $383.77 and its 200 day moving average price is $365.37. 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, Inc. has a 12 month low of $311.28 and a 12 month high of $574.53.

Cable One Dividend Announcement

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

Cable One Company 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.