Cable One, Inc. (NYSE:CABO) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in shares of Cable One, Inc. (NYSE:CABO) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Cable One were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position 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 worth $207,409,000 after buying an additional 48,513 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in Cable One by 42.4% during the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock worth $102,894,000 after purchasing an additional 86,581 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Cable One by 28.1% during the second quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock worth $72,786,000 after purchasing an additional 45,115 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cable One by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock worth $47,788,000 after purchasing an additional 8,339 shares during the last quarter. Finally, Private Management Group Inc. lifted its stake in Cable One by 70.7% during the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after purchasing an additional 47,082 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Performance

CABO stock opened at $364.04 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.57 and a beta of 0.84. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $606.37. The stock’s fifty day moving average is $344.43 and its two-hundred day moving average is $362.52.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One’s dividend payout ratio is currently 27.78%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their target price on Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $533.33.

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.