Cable One (NYSE:CABO) Sets New 1-Year Low at $318.34

Shares of Cable One, Inc. (NYSE:CABO) reached a new 52-week low during trading on Wednesday . The stock traded as low as $318.34 and last traded at $320.05, with a volume of 26265 shares. The stock had previously closed at $331.51.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $533.33.

Cable One Price Performance

The company has a market cap of $1.79 billion, a PE ratio of 7.59 and a beta of 0.84. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.81 and a quick ratio of 1.81. The stock’s 50-day moving average is $362.95 and its 200 day moving average is $385.27.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.69%. The business had revenue of $394.46 million for the quarter, compared to analysts’ expectations of $400.64 million. During the same quarter in the prior year, the company posted $10.43 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities analysts anticipate that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $2.95 per share. The ex-dividend date is Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.71%. Cable One’s payout ratio is 27.02%.

Institutional Trading of Cable One

Several large investors have recently bought and sold shares of CABO. Canada Pension Plan Investment Board boosted its holdings in shares of 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 valued at $67,911,000 after acquiring an additional 152,496 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Cable One by 42.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock valued at $102,894,000 after buying an additional 86,581 shares during the last quarter. Norges Bank acquired a new position in shares of Cable One in the 4th quarter valued at about $35,195,000. AQR Capital Management LLC boosted its stake in shares of Cable One by 4,228.5% in the second quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock worth $21,436,000 after buying an additional 60,045 shares during the last quarter. Finally, Private Management Group Inc. grew its holdings in Cable One by 648.3% during the first quarter. Private Management Group Inc. now owns 66,559 shares of the company’s stock worth $28,163,000 after acquiring an additional 57,664 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.