Cable One, Inc. (NYSE:CABO) Short Interest Down 5.1% in November

Cable One, Inc. (NYSE:CABO) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 760,500 shares, a decline of 5.1% from the October 31st total of 801,600 shares. Currently, 17.1% of the shares of the stock are short sold. Based on an average daily volume of 87,400 shares, the days-to-cover ratio is currently 8.7 days.

Institutional Trading of Cable One

A number of large investors have recently bought and sold shares of CABO. Abich Financial Wealth Management LLC bought a new stake in Cable One during the 2nd quarter worth about $45,000. GAMMA Investing LLC raised its stake in Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after buying an additional 135 shares during the period. KBC Group NV grew its position in Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after purchasing an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after purchasing an additional 29 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of Cable One during the 2nd quarter valued at about $65,000. 89.92% of the stock is currently owned by institutional investors.

Cable One Stock Up 0.6 %

CABO opened at $422.93 on Tuesday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 9.78 and a beta of 0.87. The business has a 50-day moving average of $369.84 and a two-hundred day moving average of $363.95. Cable One has a 12 month low of $311.28 and a 12 month high of $574.53. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 annualized dividend and a yield of 2.79%. Cable One’s dividend payout ratio (DPR) is currently 27.29%.

Analyst Upgrades and Downgrades

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