Cable One, Inc. (NYSE:CABO) Short Interest Update

Cable One, Inc. (NYSE:CABO) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 719,900 shares, a drop of 5.3% from the November 15th total of 760,500 shares. Approximately 16.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 86,500 shares, the days-to-cover ratio is presently 8.3 days.

Cable One Stock Down 0.3 %

Shares of NYSE:CABO opened at $364.93 on Wednesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 8.44 and a beta of 0.87. Cable One 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 company has a 50-day moving average price of $379.85 and a 200 day moving average price of $366.22.

Cable One Dividend Announcement

The business also recently disclosed 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. This represents a $11.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s payout ratio is 27.29%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $554.40.

Hedge Funds Weigh In On Cable One

A number of institutional investors and hedge funds have recently modified their holdings of CABO. Abich Financial Wealth Management LLC bought a new stake in Cable One in the second quarter worth $45,000. KBC Group NV raised its stake in shares of Cable One by 45.5% in the third 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. Public Employees Retirement System of Ohio lifted its holdings in shares of 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 acquiring an additional 29 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Cable One during the 2nd quarter worth about $65,000. Finally, GAMMA Investing LLC grew its holdings 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 purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.