Cable One (NYSE:CABO) Hits New 12-Month Low – Here’s Why

Cable One, Inc. (NYSE:CABO)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $269.80 and last traded at $269.85, with a volume of 150434 shares. The stock had previously closed at $282.00.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $554.40.

Cable One Trading Down 4.3 %

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock’s 50 day moving average is $327.70 and its 200-day moving average is $352.67. The company has a market cap of $1.52 billion, a PE ratio of 6.24 and a beta of 0.90.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be issued a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One’s payout ratio is 27.29%.

Institutional Investors Weigh In On Cable One

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Speece Thorson Capital Group Inc. raised its holdings in Cable One by 24.6% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock valued at $9,566,000 after buying an additional 5,394 shares during the period. Hantz Financial Services Inc. increased its position in Cable One by 116.4% during the third quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock valued at $1,573,000 after acquiring an additional 2,419 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Cable One by 5.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company’s stock valued at $8,568,000 after acquiring an additional 1,297 shares during the period. MetLife Investment Management LLC raised its stake in shares of Cable One by 129.0% in the third quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock valued at $1,140,000 after acquiring an additional 1,836 shares during the period. Finally, Private Management Group Inc. lifted its holdings in shares of Cable One by 2.1% in the 3rd quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock worth $40,575,000 after acquiring an additional 2,358 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other 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.