Cable One (NYSE:CABO) Sets New 52-Week Low - Time to Sell?

Cable One, Inc. (NYSE:CABO - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $120.92 and last traded at $121.14, with a volume of 101367 shares trading hands. The stock had previously closed at $124.50.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BNP Paribas raised shares of Cable One from a "strong sell" rating to a "hold" rating in a report on Monday, June 16th. JPMorgan Chase & Co. decreased their target price on shares of 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 Financial lowered shares of Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 target price on the stock in a report on Monday, June 16th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $309.25.

Cable One Trading Up 0.1%

The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $674.55 million, a PE ratio of -47.73 and a beta of 0.81. The stock's 50 day simple moving average is $141.20 and its 200 day simple moving average is $233.47.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. Cable One had a negative net margin of 0.69% and a positive return on equity of 9.38%. The business had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. On average, sell-side analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary E. Meduski purchased 250 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was acquired at an average price of $148.00 per share, with a total value of $37,000.00. Following the purchase, the director directly owned 3,599 shares in the company, valued at approximately $532,652. This represents a 7.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wallace R. Weitz purchased 7,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was bought at an average cost of $132.53 per share, with a total value of $927,710.00. Following the purchase, the director owned 17,140 shares in the company, valued at approximately $2,271,564.20. This represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 7,400 shares of company stock valued at $984,342. Corporate insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Cable One

Institutional investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC purchased a new stake in shares of Cable One in the 1st quarter valued at $1,745,000. Janus Henderson Group PLC boosted its stake in shares of Cable One by 23.0% in the 4th quarter. Janus Henderson Group PLC now owns 14,090 shares of the company's stock valued at $5,101,000 after purchasing an additional 2,633 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Cable One by 16.8% in the 1st quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company's stock valued at $18,631,000 after purchasing an additional 9,989 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Cable One by 18.7% in the 4th quarter. Northern Trust Corp now owns 66,507 shares of the company's stock valued at $24,084,000 after purchasing an additional 10,493 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Cable One by 51.3% in the 4th quarter. Quantinno Capital Management LP now owns 8,610 shares of the company's stock valued at $3,118,000 after purchasing an additional 2,918 shares in the last quarter. Hedge funds and other 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.