Cable One (NYSE:CABO) Reaches New 12-Month Low - Should You Sell?

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $134.12 and last traded at $134.97, with a volume of 174057 shares trading hands. The stock had previously closed at $146.47.

Wall Street Analysts Forecast Growth

CABO has been the topic of several analyst reports. KeyCorp reissued a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Raymond James downgraded Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th.

Cable One Stock Down 3.2%

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm's 50 day moving average price is $198.60 and its two-hundred day moving average price is $278.48. The company has a market capitalization of $732.54 million, a price-to-earnings ratio of 3.01 and a beta of 0.82.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.21 by $0.11. Cable One had a return on equity of 10.98% and a net margin of 15.86%. The firm had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. Sell-side analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Insider Activity at Cable One

In related news, Director Mary E. Meduski acquired 250 shares of Cable One stock in a transaction on Wednesday, June 11th. The stock was purchased at an average cost of $148.00 per share, with a total value of $37,000.00. Following the completion of the transaction, the director now directly owns 3,599 shares in the company, valued at $532,652. This trade represents a 7.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by company insiders.

Institutional Trading of Cable One

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in Cable One during the first quarter worth approximately $30,000. Brooklyn Investment Group grew its holdings in Cable One by 5,233.3% in the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company's stock valued at $43,000 after buying an additional 157 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Cable One in the fourth quarter valued at about $49,000. Farther Finance Advisors LLC increased its position in Cable One by 1,435.7% during the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock worth $58,000 after acquiring an additional 201 shares during the period. Finally, Federated Hermes Inc. increased its position in Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after acquiring an additional 111 shares during the period. Institutional investors own 89.92% of the company's stock.

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.