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

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

A number of other hedge funds have also recently made changes to their positions in CABO. Jane Street Group LLC increased its holdings in shares of Cable One by 880.9% in the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock valued at $6,292,000 after acquiring an additional 13,354 shares during the last quarter. Private Management Group Inc. grew its position in Cable One by 70.7% in the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after buying an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in Cable One in the 2nd quarter valued at $3,554,000. Marshall Wace LLP purchased a new position in Cable One during the 2nd quarter worth $1,410,000. Finally, Dimensional Fund Advisors LP lifted its stake 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 worth $47,788,000 after acquiring an additional 8,339 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Down 2.2 %

Shares of NYSE CABO opened at $410.67 on Wednesday. The company has a market cap of $2.31 billion, a P/E ratio of 9.50 and a beta of 0.87. The stock has a fifty day moving average price of $371.09 and a 200 day moving average price of $364.12. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $574.53. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be issued a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s dividend payout ratio is currently 27.29%.

Analyst Upgrades and Downgrades

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

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.