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

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

Institutional Investors Weigh In On Cable One

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CABO. Burgundy Asset Management Ltd. grew its position 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 buying an additional 86,581 shares during the period. AQR Capital Management LLC grew its stake in shares of Cable One by 4,228.5% in the 2nd quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock worth $21,436,000 after purchasing an additional 60,045 shares during the last quarter. Private Management Group Inc. boosted its position in Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after acquiring an additional 47,082 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Cable One by 28.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock valued at $72,786,000 after acquiring an additional 45,115 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after purchasing an additional 13,354 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of NYSE:CABO opened at $422.93 on Tuesday. 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 has a 1-year low of $311.28 and a 1-year high of $574.53. The firm’s 50 day simple moving average is $369.84 and its two-hundred day simple moving average is $363.95. The company has a market capitalization of $2.38 billion, a P/E ratio of 9.78 and a beta of 0.87.

Cable One Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.