Stifel Financial Corp Reduces Stock Position in Cable One, Inc. (NYSE:CABO)

Stifel Financial Corp decreased its stake in shares of Cable One, Inc. (NYSE:CABO) by 57.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,905 shares of the company’s stock after selling 2,597 shares during the quarter. Stifel Financial Corp’s holdings in Cable One were worth $666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in Cable One by 76.9% during the second quarter. Louisiana State Employees Retirement System now owns 2,300 shares of the company’s stock worth $814,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Cable One during the 2nd quarter valued at approximately $179,000. Innealta Capital LLC purchased a new stake in shares of Cable One during the 2nd quarter valued at approximately $65,000. Signaturefd LLC lifted its holdings in Cable One by 663.8% in the second quarter. Signaturefd LLC now owns 359 shares of the company’s stock valued at $127,000 after acquiring an additional 312 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in Cable One in the second quarter worth approximately $1,621,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Performance

NYSE:CABO opened at $368.80 on Thursday. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $574.53. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50 day moving average price of $383.77 and a 200 day moving average price of $365.37. The stock has a market capitalization of $2.07 billion, a P/E ratio of 8.53 and a beta of 0.87.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $11.80 annualized dividend and a dividend yield of 3.20%. Cable One’s dividend payout ratio is currently 27.29%.

Analysts Set New Price Targets

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

Cable One 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.