Massachusetts Financial Services Co. MA Sells 131,597 Shares of Cable One, Inc. (NYSE:CABO)

Massachusetts Financial Services Co. MA reduced its position in Cable One, Inc. (NYSE:CABO) by 70.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,167 shares of the company’s stock after selling 131,597 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.98% of Cable One worth $19,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CABO. Versant Capital Management Inc raised its stake in Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after acquiring an additional 95 shares during the period. Abich Financial Wealth Management LLC bought a new stake in shares of Cable One in the second quarter valued at approximately $45,000. GAMMA Investing LLC lifted its stake in shares of Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after buying an additional 135 shares in the last quarter. KBC Group NV boosted its holdings 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 buying an additional 50 shares during the period. Finally, Innealta Capital LLC purchased a new position in Cable One in the 2nd quarter valued at approximately $65,000. 89.92% of the stock is currently owned by institutional investors.

Cable One Price Performance

CABO stock opened at $425.99 on Tuesday. The firm has a 50 day simple moving average of $360.33 and a two-hundred day simple moving average of $362.86. 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 stock has a market cap of $2.39 billion, a PE ratio of 9.85 and a beta of 0.84. Cable One, Inc. has a one year low of $311.28 and a one year high of $574.53.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be paid a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a yield of 2.77%. Cable One’s dividend payout ratio is presently 27.29%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.