The Manufacturers Life Insurance Company Sells 141 Shares of Cable One, Inc. (NYSE:CABO)

The Manufacturers Life Insurance Company lessened its stake in shares of Cable One, Inc. (NYSE:CABO) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,941 shares of the company’s stock after selling 141 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Cable One worth $1,029,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Raymond James Trust N.A. grew its holdings in shares of 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 purchasing an additional 33 shares in the last quarter. Bfsg LLC raised its position in Cable One by 3.5% in the 3rd quarter. Bfsg LLC now owns 971 shares of the company’s stock valued at $340,000 after purchasing an additional 33 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Cable One by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company’s stock valued at $419,000 after purchasing an additional 41 shares during the last quarter. GAMMA Investing LLC increased its stake in Cable One by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after buying an additional 48 shares during the period. Finally, KBC Group NV increased its stake in Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after buying an additional 50 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Cable One Stock Down 1.0 %

Shares of CABO stock opened at $378.36 on Friday. Cable One, Inc. has a 52-week low of $311.28 and a 52-week high of $574.53. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 8.75 and a beta of 0.87. The firm’s 50-day moving average is $378.54 and its 200-day moving average is $366.15. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Tuesday, December 3rd. 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.