Cable One (NYSE:CABO) Stock Price Down 3.2% – What’s Next?

Cable One, Inc. (NYSE:CABO)’s stock price was down 3.2% on Friday . The company traded as low as $366.50 and last traded at $366.50. Approximately 2,127 shares changed hands during trading, a decline of 98% from the average daily volume of 101,517 shares. The stock had previously closed at $378.48.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $554.40.

Cable One Stock Performance

The company’s fifty day moving average price is $378.54 and its 200 day moving average price is $366.15. The company has a market cap of $2.07 billion, a PE ratio of 8.75 and a beta of 0.87. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be given a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is currently 27.29%.

Institutional Investors Weigh In On Cable One

Several hedge funds have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas bought a new position in shares of Cable One during the third quarter valued at about $717,000. Sanctuary Advisors LLC boosted its position in shares of Cable One by 3.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after purchasing an additional 43 shares in the last quarter. Virtu Financial LLC bought a new stake in Cable One during the 3rd quarter valued at about $240,000. Geode Capital Management LLC boosted its stake in Cable One by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock valued at $41,342,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after acquiring an additional 29 shares during the period. 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.