Cable One (NYSE:CABO) Trading Down 5.6%

Shares of Cable One, Inc. (NYSE:CABO) fell 5.6% during trading on Monday . The stock traded as low as $337.80 and last traded at $337.80. 14,416 shares were traded during mid-day trading, a decline of 87% from the average session volume of 111,038 shares. The stock had previously closed at $357.83.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CABO. TD Cowen lowered their target price on shares of Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Wells Fargo & Company decreased their price target on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. Finally, KeyCorp cut their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $590.83.

Cable One Trading Down 1.8 %

The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.86 and a current ratio of 1.86. The company’s fifty day simple moving average is $359.95 and its 200-day simple moving average is $422.78. The company has a market capitalization of $1.92 billion, a P/E ratio of 7.84 and a beta of 0.83.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.78 by ($2.67). Cable One had a return on equity of 12.76% and a net margin of 15.50%. The business had revenue of $404.30 million for the quarter, compared to the consensus estimate of $408.79 million. During the same quarter in the previous year, the company earned $9.62 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. Research analysts predict that Cable One, Inc. will post 32.21 earnings per share for the current year.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Friday, May 24th. Cable One’s payout ratio is 27.02%.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of $369.98 per share, with a total value of $369,980.00. Following the completion of the transaction, the director now owns 4,565 shares in the company, valued at approximately $1,688,958.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Institutional Trading of Cable One

Several hedge funds have recently modified their holdings of CABO. Vanguard Group Inc. raised its position in shares of Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after purchasing an additional 48,513 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Cable One by 11.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock worth $149,447,000 after buying an additional 27,635 shares during the period. Burgundy Asset Management Ltd. increased its holdings in Cable One by 26.2% in the 1st quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock worth $86,353,000 after buying an additional 42,376 shares during the period. Canada Pension Plan Investment Board increased its holdings in Cable One by 1,906.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock worth $67,911,000 after buying an additional 152,496 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Cable One by 16.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock worth $61,435,000 after buying an additional 15,907 shares during the period. 89.92% of the stock is 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.