Cable One (NYSE:CABO) Sets New 12-Month Low at $609.85

Cable One, Inc. (NYSE:CABO – Get Rating) reached a new 52-week low on Wednesday . The stock traded as low as $609.85 and last traded at $619.75, with a volume of 5433 shares. The stock had previously closed at $625.56.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CABO shares. KeyCorp lowered their price objective on shares of Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating on the stock in a research report on Friday, February 24th. Wells Fargo & Company lowered shares of Cable One from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $850.00 to $680.00 in a research note on Tuesday, February 21st. Cowen decreased their target price on shares of Cable One from $1,050.00 to $950.00 and set a “market perform” rating for the company in a research note on Friday, February 24th. JPMorgan Chase & Co. decreased their target price on shares of Cable One from $800.00 to $785.00 and set a “neutral” rating for the company in a research note on Monday, February 27th. Finally, Raymond James decreased their target price on shares of Cable One from $1,200.00 to $900.00 and set an “outperform” rating for the company in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,105.71.

Cable One Stock Performance

The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.42 and a current ratio of 1.42. The firm’s 50 day moving average is $744.73 and its 200-day moving average is $794.12. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 18.03 and a beta of 0.83.

Cable One (NYSE:CABO – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The company reported $8.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.56 by ($3.62). Cable One had a net margin of 13.72% and a return on equity of 19.71%. The business had revenue of $425.52 million during the quarter, compared to analyst estimates of $422.84 million. Sell-side analysts anticipate that Cable One, Inc. will post 57.11 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 21st were paid a $2.85 dividend. This represents a $11.40 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, February 17th. Cable One’s payout ratio is presently 31.57%.

Insider Activity at Cable One

In other Cable One news, Director Thomas Sinnickson Gayner acquired 100 shares of Cable One stock in a transaction that occurred on Monday, March 6th. The stock was acquired at an average price of $709.30 per share, with a total value of $70,930.00. Following the purchase, the director now owns 2,420 shares in the company, valued at $1,716,506. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Natixis raised its holdings in Cable One by 100.0% in the 4th quarter. Natixis now owns 6,000 shares of the company’s stock worth $4,271,000 after acquiring an additional 3,000 shares during the period. Truist Financial Corp raised its holdings in Cable One by 3.2% in the 4th quarter. Truist Financial Corp now owns 6,906 shares of the company’s stock worth $4,916,000 after acquiring an additional 212 shares during the period. Linden Thomas Advisory Services LLC bought a new position in Cable One in the 4th quarter worth $234,000. Point72 Middle East FZE bought a new position in Cable One in the 4th quarter worth $841,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Cable One by 0.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,262 shares of the company’s stock worth $2,322,000 after acquiring an additional 18 shares during the period. Institutional investors own 90.08% of the company’s stock.

About Cable One

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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.