Cable One (NYSE:CABO) Hits New 1-Year Low at $373.37

Cable One, Inc. (NYSE:CABO)’s stock price reached a new 52-week low on Thursday . The company traded as low as $373.37 and last traded at $376.43, with a volume of 16969 shares changing hands. The stock had previously closed at $379.01.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Cable One from $460.00 to $400.00 and set an “underweight” rating for the company in a research report on Friday, April 5th. KeyCorp lowered their target price on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Finally, Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price for the company in a report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $627.80.

Cable One Price Performance

The business has a 50-day simple moving average of $447.73 and a 200 day simple moving average of $524.62. The stock has a market cap of $2.17 billion, a P/E ratio of 8.56 and a beta of 0.80. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.94.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). Cable One had a net margin of 15.94% and a return on equity of 13.65%. The company had revenue of $411.82 million during the quarter, compared to the consensus estimate of $417.66 million. On average, analysts forecast that Cable One, Inc. will post 43.36 earnings per share for the current year.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a $2.95 dividend. The ex-dividend date was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.05%. Cable One’s dividend payout ratio (DPR) is presently 26.12%.

Insider Activity at Cable One

In related news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the sale, the insider now owns 1,854 shares in the company, valued at approximately $852,840. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cable One

Several institutional investors and hedge funds have recently made changes to their positions in the business. Alaska Permanent Fund Corp bought a new position in Cable One in the first quarter worth approximately $831,000. Vanguard Group Inc. raised its stake in shares of Cable One by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock worth $245,826,000 after purchasing an additional 2,681 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Cable One in the fourth quarter worth approximately $755,000. Speece Thorson Capital Group Inc. raised its stake in shares of Cable One by 27.6% in the fourth quarter. Speece Thorson Capital Group Inc. now owns 17,699 shares of the company’s stock worth $9,851,000 after purchasing an additional 3,823 shares during the last quarter. Finally, FIL Ltd raised its stake in shares of Cable One by 8.1% in the fourth quarter. FIL Ltd now owns 2,895 shares of the company’s stock worth $1,611,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

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.