Nisa Investment Advisors LLC Acquires 220 Shares of Cable One, Inc. (NYSE:CABO)

Nisa Investment Advisors LLC increased its stake in Cable One, Inc. (NYSE:CABO) by 523.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 262 shares of the company’s stock after purchasing an additional 220 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cable One were worth $95,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of Cable One in the second quarter worth about $1,410,000. Creative Planning increased its holdings in Cable One by 209.3% in the 2nd quarter. Creative Planning now owns 3,532 shares of the company’s stock worth $1,250,000 after acquiring an additional 2,390 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Cable One during the 2nd quarter worth approximately $552,000. Sanctuary Advisors LLC purchased a new position in Cable One during the second quarter valued at approximately $546,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cable One in the second quarter worth approximately $72,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price objective 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 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $554.40.

Cable One Trading Down 6.5 %

CABO stock opened at $302.01 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. Cable One, Inc. has a 1-year low of $297.52 and a 1-year high of $566.88. The business has a 50 day simple moving average of $368.58 and a two-hundred day simple moving average of $364.23. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 6.98 and a beta of 0.89.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors 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 3.91%. Cable One’s payout ratio is 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.