631 Shares in Cable One, Inc. (NYSE:CABO) Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC purchased a new position in Cable One, Inc. (NYSE:CABO) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 631 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of Cable One in the 4th quarter worth $50,000. KBC Group NV raised its holdings in shares of Cable One by 45.5% during 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 position 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 valued at $60,000 after acquiring an additional 29 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after purchasing an additional 220 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Cable One by 15.5% in the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after purchasing an additional 46 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on shares of 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 issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cable One presently has a consensus rating of “Hold” and an average target price of $554.40.

Cable One Price Performance

Shares of CABO opened at $269.85 on Wednesday. The business’s 50-day moving average is $325.80 and its 200-day moving average is $351.81. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 6.24 and a beta of 0.90. Cable One, Inc. has a fifty-two week low of $269.59 and a fifty-two week high of $475.00.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be paid a $2.95 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.37%. Cable One’s dividend payout ratio 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.