Cable One, Inc. (NYSE:CABO) Sees Significant Growth in Short Interest

Cable One, Inc. (NYSE:CABO - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 499,000 shares, an increase of 7.4% from the March 15th total of 464,500 shares. Based on an average daily volume of 88,500 shares, the short-interest ratio is currently 5.6 days. Approximately 11.4% of the company's shares are short sold.

Cable One Stock Up 1.7 %

Shares of NYSE CABO traded up $6.61 on Wednesday, reaching $393.61. 74,611 shares of the company's stock traded hands, compared to its average volume of 90,184. Cable One has a 12 month low of $373.37 and a 12 month high of $768.75. The business's 50 day simple moving average is $441.17 and its two-hundred day simple moving average is $519.44. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 8.71 and a beta of 0.80. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94.

Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $10.66 earnings per share for the quarter, missing the consensus estimate of $12.86 by ($2.20). The firm had revenue of $411.82 million for the quarter, compared to the consensus estimate of $417.66 million. Cable One had a net margin of 15.94% and a return on equity of 13.65%. As a group, equities research analysts forecast that Cable One will post 43.36 EPS for the current fiscal year.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Friday, February 16th. Cable One's dividend payout ratio (DPR) is currently 26.12%.

Wall Street Analyst Weigh In

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

Insider Transactions at Cable One

In other Cable One news, insider Christopher D. Boone sold 204 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total value of $93,840.00. Following the completion of the sale, the insider now directly owns 1,854 shares in the company, valued at $852,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cable One

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alaska Permanent Fund Corp bought a new stake in Cable One in the 1st quarter worth approximately $831,000. Vanguard Group Inc. grew its position in Cable One by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 441,665 shares of the company's stock worth $245,826,000 after purchasing an additional 2,681 shares during the period. Virtu Financial LLC bought a new stake in Cable One in the 4th quarter worth approximately $755,000. Speece Thorson Capital Group Inc. grew its position in Cable One by 27.6% in the 4th quarter. Speece Thorson Capital Group Inc. now owns 17,699 shares of the company's stock worth $9,851,000 after purchasing an additional 3,823 shares during the period. Finally, FIL Ltd grew its position in Cable One by 8.1% in the 4th quarter. FIL Ltd now owns 2,895 shares of the company's stock worth $1,611,000 after purchasing an additional 218 shares during the period. 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.