KBC Group NV Grows Stake in Cable One, Inc. (NYSE:CABO)

KBC Group NV raised its stake in shares of Cable One, Inc. (NYSE:CABO) by 45.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160 shares of the company’s stock after purchasing an additional 50 shares during the period. KBC Group NV’s holdings in Cable One were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jane Street Group LLC grew its stake in shares of Cable One by 880.9% during the first quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock valued at $6,292,000 after buying an additional 13,354 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after acquiring an additional 48,513 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Cable One by 70.7% during the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after buying an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Cable One in the second quarter worth about $3,554,000. Finally, Marshall Wace LLP purchased a new stake in shares of Cable One in the 2nd quarter valued at $1,410,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Trading Up 3.4 %

Shares of Cable One stock opened at $416.55 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a twelve month low of $311.28 and a twelve month high of $574.53. The firm has a market capitalization of $2.34 billion, a PE ratio of 9.63 and a beta of 0.84. The firm’s 50-day moving average price is $360.33 and its 200 day moving average price is $363.29.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be given a $2.95 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 annualized dividend and a dividend yield of 2.83%. Cable One’s dividend payout ratio (DPR) is presently 27.29%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $531.67.

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.