Mutual of America Capital Management LLC Cuts Stock Holdings in Cable One, Inc. (NYSE:CABO)

Mutual of America Capital Management LLC trimmed its holdings in shares of Cable One, Inc. (NYSE:CABO) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 693 shares of the company’s stock after selling 56 shares during the period. Mutual of America Capital Management LLC’s holdings in Cable One were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CABO. Raymond James Trust N.A. boosted its position in shares of Cable One by 2.1% in the second quarter. Raymond James Trust N.A. now owns 1,581 shares of the company’s stock valued at $560,000 after acquiring an additional 33 shares during the period. Bfsg LLC boosted its holdings in shares of Cable One by 3.5% during the 3rd quarter. Bfsg LLC now owns 971 shares of the company’s stock valued at $340,000 after buying an additional 33 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Cable One by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company’s stock worth $419,000 after purchasing an additional 41 shares during the last quarter. GAMMA Investing LLC lifted its stake in Cable One by 32.2% during the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after acquiring an additional 48 shares during the period. Finally, KBC Group NV lifted its stake in Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cable One Stock Up 0.0 %

Shares of CABO opened at $419.57 on Friday. Cable One, Inc. has a 52-week low of $311.28 and a 52-week high of $574.53. The company has a market cap of $2.36 billion, a PE ratio of 9.70 and a beta of 0.84. The business has a fifty day moving average of $365.18 and a 200 day moving average of $363.67. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

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 given a dividend of $2.95 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $11.80 annualized dividend and a dividend yield of 2.81%. Cable One’s dividend payout ratio (DPR) is 27.29%.

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.