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

Cable One, Inc. (NYSE:CABO - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $162.49 and last traded at $170.55, with a volume of 195732 shares changing hands. The stock had previously closed at $261.99.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CABO shares. JPMorgan Chase & Co. decreased their price objective on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Wells Fargo & Company decreased their price target on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. Raymond James downgraded Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday. Finally, KeyCorp reissued a "sector weight" rating on shares of Cable One in a report on Friday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, Cable One currently has a consensus rating of "Hold" and a consensus target price of $417.75.

Cable One Stock Down 42.0 %

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average price of $258.05 and a 200-day moving average price of $320.99. The firm has a market capitalization of $855.40 million, a PE ratio of 3.52 and a beta of 1.07.

Cable One (NYSE:CABO - Get Free Report) last announced its 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 return on equity of 10.98% and a net margin of 15.86%. The firm had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. As a group, analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current year.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 7.76%. Cable One's payout ratio is 229.57%.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now owns 5,584 shares of the company's stock, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Cable One

Several large investors have recently modified their holdings of the business. Kingsview Wealth Management LLC increased its holdings in shares of Cable One by 19.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company's stock valued at $7,534,000 after acquiring an additional 4,689 shares during the period. Mraz Amerine & Associates Inc. boosted its holdings in shares of Cable One by 11.3% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 6,254 shares of the company's stock valued at $1,675,000 after buying an additional 635 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Cable One by 47.9% in the 1st quarter. Brown Advisory Inc. now owns 131,576 shares of the company's stock worth $34,969,000 after buying an additional 42,606 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Cable One by 22.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 1,243 shares of the company's stock worth $330,000 after acquiring an additional 228 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Cable One by 2.6% during the first quarter. Principal Financial Group Inc. now owns 29,302 shares of the company's stock valued at $7,788,000 after acquiring an additional 730 shares during the last quarter. 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.

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