Cable One (NYSE:CABO) Reaches New 52-Week Low at $1,015.95

Shares of Cable One, Inc. (NYSE:CABOGet Rating) reached a new 52-week low on Monday . The stock traded as low as $1,015.95 and last traded at $1,030.52, with a volume of 205 shares. The stock had previously closed at $1,029.40.

Analyst Ratings Changes

Several brokerages have recently issued reports on CABO. Cowen upped their price objective on Cable One to $1,550.00 in a report on Tuesday, August 9th. KeyCorp decreased their price objective on Cable One from $1,896.00 to $1,725.00 and set an “overweight” rating on the stock in a report on Friday, August 5th. Wells Fargo & Company cut Cable One from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $1,700.00 to $1,200.00 in a report on Monday, September 12th. Finally, Truist Financial upped their price objective on Cable One from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Friday, June 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,645.83.

Cable One Stock Down 2.6 %

The company has a fifty day moving average of $1,269.92 and a two-hundred day moving average of $1,305.35. The company has a market cap of $5.92 billion, a PE ratio of 17.72 and a beta of 0.74. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.68 and a current ratio of 1.68.

Cable One (NYSE:CABOGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $12.13 earnings per share for the quarter, missing the consensus estimate of $13.41 by ($1.28). Cable One had a net margin of 20.82% and a return on equity of 19.78%. The company had revenue of $429.09 million for the quarter, compared to analysts’ expectations of $431.46 million. As a group, analysts anticipate that Cable One, Inc. will post 63.52 earnings per share for the current fiscal year.

Cable One Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, August 30th were given a $2.85 dividend. This represents a $11.40 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, August 29th. This is an increase from Cable One’s previous quarterly dividend of $2.75. Cable One’s dividend payout ratio is 20.06%.

Insider Buying and Selling at Cable One

In other Cable One news, Director Thomas Sinnickson Gayner acquired 50 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were bought at an average price of $1,225.00 per share, with a total value of $61,250.00. Following the transaction, the director now directly owns 2,319 shares of the company’s stock, valued at approximately $2,840,775. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP James A. Obermeyer sold 30 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $1,344.66, for a total transaction of $40,339.80. Following the transaction, the senior vice president now owns 972 shares of the company’s stock, valued at approximately $1,307,009.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Sinnickson Gayner purchased 50 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were purchased at an average cost of $1,225.00 per share, for a total transaction of $61,250.00. Following the transaction, the director now directly owns 2,319 shares in the company, valued at approximately $2,840,775. The disclosure for this purchase can be found here. Insiders have acquired 1,050 shares of company stock valued at $1,197,495 in the last quarter. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Cable One

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Stock Yards Bank & Trust Co. bought a new position in shares of Cable One during the 2nd quarter worth $400,000. Captrust Financial Advisors grew its position in shares of Cable One by 455.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,450 shares of the company’s stock worth $1,870,000 after buying an additional 1,189 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in Cable One by 6.3% during the second quarter. SRS Capital Advisors Inc. now owns 252 shares of the company’s stock valued at $325,000 after purchasing an additional 15 shares in the last quarter. Legal & General Group Plc boosted its position in Cable One by 7.8% during the second quarter. Legal & General Group Plc now owns 21,568 shares of the company’s stock valued at $27,808,000 after purchasing an additional 1,565 shares in the last quarter. Finally, ExodusPoint Capital Management LP boosted its position in Cable One by 128.6% during the second quarter. ExodusPoint Capital Management LP now owns 1,070 shares of the company’s stock valued at $1,380,000 after purchasing an additional 602 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

About Cable One

(Get Rating)

Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.

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