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

Virtu Financial LLC acquired a new position in shares of Cable One, Inc. (NYSE:CABO) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 686 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Private Management Group Inc. lifted its position in shares of Cable One by 70.7% in the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after buying an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in Cable One during the second quarter worth about $3,554,000. Marshall Wace LLP bought a new position in Cable One in the second quarter worth about $1,410,000. Speece Thorson Capital Group Inc. boosted its stake in Cable One by 24.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock valued at $9,566,000 after acquiring an additional 5,394 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Cable One by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock valued at $47,788,000 after acquiring an additional 8,339 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Price Performance

NYSE CABO opened at $364.93 on Wednesday. The company has a 50-day moving average price of $379.85 and a two-hundred day moving average price of $366.22. Cable One, Inc. has a 52 week low of $311.28 and a 52 week high of $574.53. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 8.44 and a beta of 0.87. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be given a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s dividend payout ratio is currently 27.29%.

Analyst Ratings Changes

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

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.