Virtu Financial LLC Takes $240,000 Position in Cable One, Inc. (NYSE:CABO)

Virtu Financial LLC purchased a new position in shares of Cable One, Inc. (NYSE:CABO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 686 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new position in shares of Cable One during the second quarter worth $45,000. KBC Group NV increased its stake in Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after buying an additional 50 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after buying an additional 29 shares in the last quarter. Innealta Capital LLC purchased a new position in Cable One in the 2nd quarter valued at about $65,000. Finally, GAMMA Investing LLC grew its stake in shares of Cable One by 32.2% during the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $554.40.

Cable One Stock Down 0.3 %

Shares of NYSE:CABO opened at $364.93 on Wednesday. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $574.53. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a market cap of $2.05 billion, a PE ratio of 8.44 and a beta of 0.87. The company has a fifty day simple moving average of $379.85 and a 200 day simple moving average of $366.22.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be paid a $2.95 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.23%. Cable One’s dividend payout ratio (DPR) is presently 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.