Cable One (NYSE:CABO) Shares Down 5.2% – What’s Next?

Cable One, Inc. (NYSE:CABO) traded down 5.2% during mid-day trading on Thursday . The company traded as low as $304.26 and last traded at $306.06. 13,195 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 91,528 shares. The stock had previously closed at $322.88.

Analyst Upgrades and Downgrades

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 equities 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 stock. According to MarketBeat, Cable One presently has a consensus rating of “Hold” and an average price target of $554.40.

Cable One Stock Performance

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 company’s fifty day simple moving average is $366.32 and its 200 day simple moving average is $363.95. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.01 and a beta of 0.89.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were given a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cable One’s payout ratio is 27.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its position in shares of Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after buying an additional 29 shares during the last quarter. Bfsg LLC lifted its holdings in Cable One by 3.5% during the third quarter. Bfsg LLC now owns 971 shares of the company’s stock valued at $340,000 after purchasing an additional 33 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Cable One by 3.1% during the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after purchasing an additional 43 shares during the period. Global Retirement Partners LLC increased its stake in shares of Cable One by 15.5% in the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after purchasing an additional 46 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Cable One by 32.2% in the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after purchasing an additional 48 shares during the period. 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.