Cable One, Inc. (NYSE:CABO) Short Interest Update

Cable One, Inc. (NYSE:CABO) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 719,900 shares, a drop of 5.3% from the November 15th total of 760,500 shares. Approximately 16.1% of the company’s stock are short sold. Based on an average daily volume of 86,500 shares, the days-to-cover ratio is currently 8.3 days.

Hedge Funds Weigh In On Cable One

Hedge funds have recently made changes to their positions in the stock. Private Management Group Inc. lifted its holdings in shares of Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after acquiring an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Cable One during the 2nd quarter valued at about $3,554,000. Marshall Wace LLP bought a new stake in Cable One in the 2nd quarter worth approximately $1,410,000. Speece Thorson Capital Group Inc. boosted its stake in Cable One by 24.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock worth $9,566,000 after buying an additional 5,394 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Cable One by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock valued at $47,788,000 after acquiring an additional 8,339 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Performance

Shares of CABO stock opened at $359.00 on Thursday. Cable One has a 52 week low of $311.28 and a 52 week high of $574.53. The firm’s 50-day simple moving average is $380.83 and its two-hundred day simple moving average is $366.07. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 8.30 and a beta of 0.87. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be paid a $2.95 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 annualized dividend and a dividend yield of 3.29%. Cable One’s payout ratio is 27.29%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target 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 analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.