Cable One (NYSE:CABO) Sets New 52-Week Low at $373.37

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $373.37 and last traded at $376.43, with a volume of 16969 shares. The stock had previously closed at $379.01.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CABO. Moffett Nathanson upgraded shares of Cable One from a "neutral" rating to a "buy" rating and set a $615.00 price objective on the stock in a research report on Tuesday, March 5th. Wells Fargo & Company lowered their price target on Cable One from $460.00 to $400.00 and set an "underweight" rating on the stock in a research report on Friday, April 5th. Finally, KeyCorp dropped their price target on Cable One from $900.00 to $881.00 and set an "overweight" rating for the company in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Cable One presently has an average rating of "Hold" and an average price target of $627.80.

Cable One Stock Performance

The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $2.16 billion, a PE ratio of 8.53 and a beta of 0.80. The business's 50-day moving average is $450.20 and its 200 day moving average is $526.25.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing the consensus estimate of $12.86 by ($2.20). Cable One had a return on equity of 13.65% and a net margin of 15.94%. The company had revenue of $411.82 million during the quarter, compared to analysts' expectations of $417.66 million. On average, equities research analysts predict that Cable One, Inc. will post 43.36 EPS for the current fiscal year.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a $2.95 dividend. The ex-dividend date was Friday, February 16th. This represents a $11.80 annualized dividend and a yield of 3.06%. Cable One's payout ratio is currently 26.12%.

Insider Activity

In related news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total value of $93,840.00. Following the transaction, the insider now directly owns 1,854 shares of the company's stock, valued at $852,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company's stock.

Institutional Trading of Cable One

Several large investors have recently modified their holdings of the business. Raymond James Trust N.A. boosted its holdings in Cable One by 6.3% in the first quarter. Raymond James Trust N.A. now owns 187 shares of the company's stock valued at $274,000 after acquiring an additional 11 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Cable One by 0.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,262 shares of the company's stock valued at $2,322,000 after purchasing an additional 18 shares in the last quarter. Toroso Investments LLC increased its position in shares of Cable One by 10.3% during the first quarter. Toroso Investments LLC now owns 203 shares of the company's stock valued at $297,000 after buying an additional 19 shares during the period. SummerHaven Investment Management LLC raised its stake in Cable One by 1.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company's stock worth $627,000 after buying an additional 20 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Cable One by 5.0% in the third quarter. Inspire Investing LLC now owns 502 shares of the company's stock worth $309,000 after buying an additional 24 shares during the period. 89.92% of the stock is owned by institutional investors.

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.