Brokerages Set Cable One, Inc. (NYSE:CABO) PT at $533.33

Cable One, Inc. (NYSE:CABO - Get Free Report) has been given an average recommendation of "Hold" by the six brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $531.67.

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 research note on Tuesday.

Institutional Trading of Cable One

A number of hedge funds have recently modified their holdings of CABO. Raymond James Trust N.A. increased its holdings in shares of Cable One by 2.1% in the second quarter. Raymond James Trust N.A. now owns 1,581 shares of the company's stock worth $560,000 after acquiring an additional 33 shares in the last quarter. Bfsg LLC raised its stake in shares of Cable One by 3.5% in the 3rd quarter. Bfsg LLC now owns 971 shares of the company's stock valued at $340,000 after purchasing an additional 33 shares during the period. SummerHaven Investment Management LLC boosted its position in shares of Cable One by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company's stock worth $419,000 after buying an additional 41 shares during the period. GAMMA Investing LLC grew its holdings in shares of Cable One by 32.2% during the third quarter. GAMMA Investing LLC now owns 197 shares of the company's stock worth $69,000 after buying an additional 48 shares in the last quarter. Finally, KBC Group NV raised its position in Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company's stock valued at $56,000 after buying an additional 50 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

Shares of Cable One stock traded down $1.15 during midday trading on Tuesday, hitting $402.41. 67,614 shares of the company were exchanged, compared to its average volume of 104,276. The firm has a 50 day simple moving average of $348.51 and a 200-day simple moving average of $362.17. Cable One has a 52 week low of $311.28 and a 52 week high of $574.76. The firm has a market cap of $2.26 billion, a P/E ratio of 9.44 and a beta of 0.84. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 2.93%. The ex-dividend date was Tuesday, August 27th. Cable One's payout ratio is 27.29%.

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.