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

Public Employees Retirement System of Ohio boosted its holdings in Cable One, Inc. (NYSE:CABO) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its holdings in shares of Cable One by 76.9% in the 2nd 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. boosted its stake 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 valued at $560,000 after acquiring an additional 33 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Cable One by 0.8% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 14,318 shares of the company’s stock valued at $5,069,000 after purchasing an additional 110 shares during the last quarter. Bfsg LLC grew its holdings in shares of Cable One by 53.0% during the second quarter. Bfsg LLC now owns 938 shares of the company’s stock valued at $332,000 after purchasing an additional 325 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Cable One in the 2nd quarter worth approximately $179,000. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cable One has a consensus rating of “Hold” and an average target price of $554.40.

Cable One Stock Performance

Shares of CABO stock opened at $369.06 on Monday. The business has a 50 day simple moving average of $382.64 and a 200 day simple moving average of $365.53. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 8.54 and a beta of 0.87. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $574.53.

Cable One Announces Dividend

The firm 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. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is 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.