Cable One (NYSE:CABO) Hits New 52-Week Low - Here's Why

Cable One, Inc. (NYSE:CABO - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $139.26 and last traded at $140.58, with a volume of 21268 shares. The stock had previously closed at $146.33.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company dropped their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. reduced their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. KeyCorp reissued a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Finally, Raymond James lowered Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd.

Cable One Stock Performance

The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a fifty day simple moving average of $211.46 and a 200 day simple moving average of $287.63. The company has a market capitalization of $821.69 million, a price-to-earnings ratio of 3.38 and a beta of 1.00.

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 for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. The company had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. On average, analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Institutional Trading of Cable One

A number of large investors have recently made changes to their positions in the company. Burgundy Asset Management Ltd. raised its stake in shares of Cable One by 27.2% during the 1st quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company's stock worth $106,947,000 after buying an additional 86,019 shares in the last quarter. Clarkston Capital Partners LLC raised its stake in shares of Cable One by 34.2% during the 1st quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company's stock worth $94,931,000 after buying an additional 90,934 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Cable One by 57.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company's stock worth $85,923,000 after buying an additional 117,389 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cable One by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock worth $60,386,000 after buying an additional 10,211 shares in the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Cable One by 34.3% during the 1st quarter. Private Management Group Inc. now owns 152,567 shares of the company's stock worth $40,548,000 after buying an additional 38,965 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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.