Cable One (NYSE:CABO) Hits New 52-Week Low at $318.34

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

Wall Street Analyst Weigh In

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

Cable One Trading Up 3.7 %

The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.79. The firm’s fifty day moving average is $361.77 and its two-hundred day moving average is $384.36. The firm has a market cap of $1.89 billion, a P/E ratio of 7.72 and a beta of 0.84.

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

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, August 27th. Cable One’s dividend payout ratio is currently 27.02%.

Institutional Investors Weigh In On Cable One

Several hedge funds have recently made changes to their positions in CABO. Victory Capital Management Inc. lifted its position in Cable One by 19.6% during the fourth quarter. Victory Capital Management Inc. now owns 976 shares of the company’s stock valued at $543,000 after buying an additional 160 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Cable One by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,168 shares of the company’s stock worth $34,602,000 after purchasing an additional 3,449 shares during the period. Principal Securities Inc. bought a new position in shares of Cable One during the fourth quarter valued at approximately $53,000. Dimensional Fund Advisors LP lifted its holdings in shares of Cable One by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock valued at $61,435,000 after purchasing an additional 15,907 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Cable One by 22.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 417 shares of the company’s stock worth $232,000 after purchasing an additional 76 shares in the last quarter. 89.92% of the stock is currently owned by 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.