Cable One (NYSE:CABO) Hits New 52-Week Low - What's Next?

Cable One, Inc. (NYSE:CABO - Get Free Report)'s share price hit a new 52-week low on Thursday . The company 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.

Analyst Ratings Changes

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

Cable One Stock Up 1.4%

The business's fifty day moving average price is $194.05 and its 200 day moving average price is $272.42. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $743.63 million, a PE ratio of 3.06 and a beta of 0.82.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The business had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. On average, equities research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Cable One

In related news, Director Wallace R. Weitz purchased 7,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were bought at an average price of $132.53 per share, with a total value of $927,710.00. Following the completion of the purchase, the director now directly owns 17,140 shares in the company, valued at approximately $2,271,564.20. This trade represents a 69.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary E. Meduski purchased 250 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the purchase, the director now owns 3,599 shares of the company's stock, valued at $532,652. This trade represents a 7.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Cable One

Several large investors have recently made changes to their positions in CABO. Inspire Investing LLC grew its holdings in Cable One by 17.0% during the 1st quarter. Inspire Investing LLC now owns 1,297 shares of the company's stock worth $345,000 after acquiring an additional 188 shares in the last quarter. Bayforest Capital Ltd lifted its position in shares of Cable One by 498.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,442 shares of the company's stock worth $383,000 after buying an additional 1,201 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cable One by 16.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company's stock valued at $4,589,000 after purchasing an additional 2,467 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Cable One in the 1st quarter valued at about $372,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cable One by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company's stock valued at $893,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds 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.