Cable One (NYSE:CABO) Reaches New 1-Year 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 Wednesday . The stock traded as low as $127.28 and last traded at $128.40, with a volume of 410742 shares changing hands. The stock had previously closed at $129.83.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CABO shares. BNP Paribas upgraded Cable One from a "strong sell" rating to a "hold" rating in a research report on Monday, June 16th. BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target on the stock in a research report on Monday, June 16th. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company dropped their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. Finally, KeyCorp restated a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Cable One presently has an average rating of "Hold" and an average target price of $309.25.

Cable One Price Performance

The stock has a fifty day simple moving average of $180.92 and a two-hundred day simple moving average of $263.41. The company has a market cap of $720.62 million, a PE ratio of -50.99 and a beta of 0.82. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.66.

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

Insider Buying and Selling at Cable One

In other news, Director Mary E. Meduski purchased 250 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of $148.00 per share, for a total transaction of $37,000.00. Following the acquisition, the director now directly owns 3,599 shares in the company, valued at approximately $532,652. The trade was a 7.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wallace R. Weitz bought 7,000 shares of Cable One stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average cost of $132.53 per share, for a total transaction of $927,710.00. Following the purchase, the director now owns 17,140 shares in the company, valued at $2,271,564.20. This represents a 69.03% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 7,400 shares of company stock valued at $984,342. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cable One

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC lifted its stake in Cable One by 22.5% in the 1st quarter. Voya Investment Management LLC now owns 3,736 shares of the company's stock valued at $993,000 after buying an additional 686 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of 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 buying an additional 188 shares during the last quarter. Bayforest Capital Ltd increased its holdings in shares of Cable One by 498.3% during 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 increased its holdings in shares of Cable One by 16.7% during 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 worth $4,589,000 after buying an additional 2,467 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Cable One in the 1st quarter valued at $372,000. Hedge funds and other 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.