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

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

Analysts Set New Price Targets

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

Cable One Stock Up 0.1 %

The stock’s fifty day moving average price is $366.32 and its 200 day moving average price is $363.95. 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 stock has a market cap of $1.70 billion, a P/E ratio of 7.01 and a beta of 0.89.

Cable One Dividend Announcement

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

Institutional Investors Weigh In On Cable One

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new stake in Cable One in the second quarter worth $1,410,000. Speece Thorson Capital Group Inc. lifted its stake in shares of Cable One by 24.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock valued at $9,566,000 after acquiring an additional 5,394 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Cable One by 116.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock valued at $1,573,000 after acquiring an additional 2,419 shares during the period. MetLife Investment Management LLC grew its position in Cable One by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock worth $1,140,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Private Management Group Inc. increased its stake in Cable One by 2.1% in the 3rd quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock worth $40,575,000 after purchasing an additional 2,358 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.