Cable One (NYSE:CABO) Sets New 1-Year Low – Time to Sell?

Cable One, Inc. (NYSE:CABO) shares hit a new 52-week low on Monday . The stock traded as low as $296.20 and last traded at $292.89, with a volume of 951 shares. The stock had previously closed at $304.01.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a report 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. Based on data from MarketBeat.com, Cable One presently has an average rating of “Hold” and a consensus target price of $554.40.

Cable One Stock Down 4.0 %

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.64 billion, a PE ratio of 6.75 and a beta of 0.90. The stock has a fifty day simple moving average of $366.32 and a two-hundred day simple moving average of $363.87.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Tuesday, December 3rd. Cable One’s payout ratio is 27.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Eagle Asset Management Inc. lifted its position in Cable One by 24.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company’s stock worth $15,029,000 after buying an additional 8,563 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Cable One by 476.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 9,000 shares of the company’s stock worth $3,148,000 after buying an additional 7,440 shares during the last quarter. Markel Group Inc. lifted its position in Cable One by 11.6% in the third quarter. Markel Group Inc. now owns 60,050 shares of the company’s stock valued at $21,005,000 after purchasing an additional 6,250 shares during the last quarter. Speece Thorson Capital Group Inc. lifted its position in Cable One by 24.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock valued at $9,566,000 after purchasing an additional 5,394 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd lifted its position in Cable One by 1.5% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock valued at $106,608,000 after purchasing an additional 4,352 shares during the last quarter. Hedge funds and other 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.