GSA Capital Partners LLP Sells 1,470 Shares of Cable One, Inc. (NYSE:CABO)

GSA Capital Partners LLP reduced its holdings in Cable One, Inc. (NYSE:CABO) by 65.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 779 shares of the company’s stock after selling 1,470 shares during the quarter. GSA Capital Partners LLP’s holdings in Cable One were worth $272,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in Cable One by 452.4% during the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after purchasing an additional 95 shares during the period. Abich Financial Wealth Management LLC bought a new position in Cable One in the second quarter worth about $45,000. GAMMA Investing LLC raised its stake in Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after buying an additional 135 shares in the last quarter. Innealta Capital LLC purchased a new stake in Cable One in the second quarter worth about $65,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Cable One during the 2nd quarter valued at approximately $72,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $531.67.

Cable One Price Performance

Shares of CABO opened at $416.55 on Friday. The firm’s 50-day simple moving average is $360.33 and its two-hundred day simple moving average is $363.29. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $574.53. The stock has a market cap of $2.34 billion, a PE ratio of 9.63 and a beta of 0.84. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be paid a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $11.80 annualized dividend and a dividend yield of 2.83%. Cable One’s 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.