Jane Street Group LLC Has $1.47 Million Stock Position in Cable One, Inc. (NYSE:CABO)

Jane Street Group LLC lowered its position in Cable One, Inc. (NYSE:CABO) by 92.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,193 shares of the company’s stock after selling 48,526 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Cable One worth $1,467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new stake in Cable One during the second quarter worth approximately $45,000. KBC Group NV lifted its stake in shares of Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after buying an additional 50 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cable One by 32.2% during the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock worth $69,000 after buying an additional 48 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cable One in the 2nd quarter valued at $72,000. Finally, Signaturefd LLC raised its holdings in Cable One by 663.8% in the 2nd quarter. Signaturefd LLC now owns 359 shares of the company’s stock worth $127,000 after acquiring an additional 312 shares during the period. Institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of CABO stock opened at $370.57 on Friday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 8.57 and a beta of 0.87. 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 stock’s fifty day simple moving average is $384.07 and its 200 day simple moving average is $365.43. Cable One, Inc. has a one year low of $311.28 and a one year high of $574.53.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were paid 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 yield of 3.18%. Cable One’s dividend payout ratio is 27.29%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.