Cable One (NYSE:CABO) Shares Up 4.5% – Time to Buy?

Cable One, Inc. (NYSE:CABO)’s share price rose 4.5% during trading on Monday . The stock traded as high as $286.61 and last traded at $290.21. Approximately 10,041 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 106,612 shares. The stock had previously closed at $277.65.

Analysts Set New Price Targets

CABO has been the topic of several research analyst reports. KeyCorp lowered their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Wells Fargo & Company reduced their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price target on Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd.

Cable One Stock Performance

The firm’s 50 day moving average is $308.94 and its 200-day moving average is $345.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.61 billion, a PE ratio of 6.60 and a beta of 0.93.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were given a dividend of $2.95 per share. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.13%. Cable One’s dividend payout ratio is presently 229.57%.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the transaction, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. This represents a 21.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cable One

A number of large investors have recently bought and sold shares of CABO. AlphaQuest LLC acquired a new stake in shares of Cable One in the fourth quarter valued at about $49,000. Sound Income Strategies LLC bought a new stake in shares of Cable One during the 4th quarter valued at about $50,000. KBC Group NV boosted its holdings in shares of Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares during the period. Public Employees Retirement System of Ohio raised 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 worth $60,000 after buying an additional 29 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock valued at $60,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Company Profile

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.