Walleye Capital LLC Takes Position in Cable One, Inc. (NYSE:CABO)

Walleye Capital LLC bought a new stake in shares of Cable One, Inc. (NYSE:CABO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 634 shares of the company’s stock, valued at approximately $222,000.

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

Cable One Price Performance

Shares of NYSE:CABO opened at $395.62 on Wednesday. The company’s fifty day moving average price is $377.19 and its 200-day moving average price is $365.95. 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 $2.22 billion, a price-to-earnings ratio of 9.15 and a beta of 0.87. Cable One, Inc. has a one year low of $311.28 and a one year high of $574.53.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is currently 27.29%.

Analyst Upgrades and Downgrades

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

About Cable One

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.