Illinois Municipal Retirement Fund Has $974,000 Position in Cable One, Inc. (NYSE:CABO)

Illinois Municipal Retirement Fund raised its stake in shares of Cable One, Inc. (NYSE:CABO) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,690 shares of the company’s stock after buying an additional 61 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cable One were worth $974,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Cable One during the 4th quarter valued at $50,000. KBC Group NV boosted its stake in shares of Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after buying an additional 50 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after buying an additional 29 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock valued at $95,000 after buying an additional 220 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Finally, KeyCorp reduced their price objective on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $486.20.

Cable One Stock Performance

Shares of CABO opened at $260.18 on Monday. The company has a market capitalization of $1.46 billion, a PE ratio of 6.02 and a beta of 0.89. Cable One, Inc. has a one year low of $250.08 and a one year high of $475.00. 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’s fifty day moving average price is $319.90 and its 200 day moving average price is $349.37.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be issued a $2.95 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.54%. Cable One’s dividend payout ratio (DPR) 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.