Cable One (NYSE:CABO) Trading Down 5.1% - Should You Sell?

Cable One, Inc. (NYSE:CABO - Get Free Report) shares dropped 5.1% during mid-day trading on Wednesday . The company traded as low as $126.82 and last traded at $126.43. Approximately 21,720 shares changed hands during trading, a decline of 84% from the average daily volume of 138,012 shares. The stock had previously closed at $133.27.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Raymond James Financial cut shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. BNP Paribas Exane upgraded shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price objective for the company in a research report on Monday, June 16th. KeyCorp restated a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Cable One has a consensus rating of "Hold" and a consensus target price of $309.25.

Cable One Stock Performance

The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66. The stock has a market cap of $724.64 million, a P/E ratio of -51.20 and a beta of 0.82. The business has a 50 day moving average price of $175.60 and a 200 day moving average price of $259.40.

Cable One (NYSE:CABO - Get Free Report) last posted 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 firm had revenue of $380.60 million for the quarter, compared to analysts' expectations of $386.61 million. As a group, sell-side analysts expect that Cable One, Inc. will post 32.08 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mary E. Meduski acquired 250 shares of Cable One stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of $148.00 per share, for a total transaction of $37,000.00. Following the purchase, the director now directly owns 3,599 shares in the company, valued at $532,652. The trade was a 7.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Wallace R. Weitz acquired 7,000 shares of the stock in a transaction dated Friday, June 13th. The stock was acquired at an average cost of $132.53 per share, with a total value of $927,710.00. Following the transaction, the director now directly owns 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. Insiders have bought 7,400 shares of company stock worth $984,342 in the last ninety days. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cable One

A number of large investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new stake in Cable One in the 1st quarter worth approximately $30,000. Brooklyn Investment Group grew its holdings in shares of Cable One by 5,233.3% during the first quarter. Brooklyn Investment Group now owns 160 shares of the company's stock valued at $43,000 after buying an additional 157 shares during the last quarter. AlphaQuest LLC purchased a new position in Cable One in the 4th quarter worth $49,000. Farther Finance Advisors LLC lifted its position in Cable One by 1,435.7% during the 1st quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock worth $58,000 after acquiring an additional 201 shares during the period. Finally, Federated Hermes Inc. grew its stake in Cable One by 201.8% during the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after purchasing an additional 111 shares during the last quarter. 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.

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