Jane Street Group LLC Sells 48,526 Shares of Cable One, Inc. (NYSE:CABO)

Jane Street Group LLC trimmed its stake in shares of Cable One, Inc. (NYSE:CABO) by 92.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,193 shares of the company’s stock after selling 48,526 shares during the period. Jane Street Group LLC’s holdings in Cable One were worth $1,467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Management Group Inc. increased its holdings in Cable One by 70.7% in the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after purchasing an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Cable One in the second quarter valued at about $3,554,000. Marshall Wace LLP acquired a new stake in shares of Cable One in the second quarter valued at approximately $1,410,000. Speece Thorson Capital Group Inc. boosted its stake in shares of Cable One by 24.6% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock worth $9,566,000 after buying an additional 5,394 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Cable One by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock valued at $47,788,000 after acquiring an additional 8,339 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cable One presently has a consensus rating of “Hold” and a consensus price target of $554.40.

Cable One Stock Down 0.8 %

CABO opened at $370.57 on Friday. Cable One, Inc. has a 1-year low of $311.28 and a 1-year high of $574.53. The stock has a market cap of $2.08 billion, a PE ratio of 8.57 and a beta of 0.87. The stock’s fifty day simple moving average is $384.07 and its 200 day simple moving average is $365.43. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were issued a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $11.80 annualized dividend and a yield of 3.18%. 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.