Cable One (NYSE:CABO) Sees Large Volume Increase - Time to Buy?

Cable One, Inc. (NYSE:CABO - Get Free Report) shares saw an uptick in trading volume on Monday . 208,521 shares changed hands during trading, an increase of 87% from the previous session's volume of 111,446 shares.The stock last traded at $256.61 and had previously closed at $256.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. KeyCorp reduced their target price on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company decreased their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th.

Cable One Price Performance

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 stock has a market capitalization of $1.51 billion, a PE ratio of 6.20 and a beta of 0.93. The stock's 50 day moving average is $282.40 and its two-hundred day moving average is $336.87.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were paid a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.40%. Cable One's dividend payout ratio is presently 229.57%.

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Insiders Place Their Bets

In related news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $244.02 per share, for a total transaction 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. The trade was a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.70% of the company's stock.

Institutional Trading of Cable One

Several institutional investors have recently added to or reduced their stakes in CABO. Burgundy Asset Management Ltd. boosted its position in shares of Cable One by 6.6% during the fourth quarter. Burgundy Asset Management Ltd. now owns 316,384 shares of the company's stock worth $114,569,000 after buying an additional 19,545 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its holdings in Cable One by 1.5% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock valued at $106,608,000 after acquiring an additional 4,352 shares during the period. Dimensional Fund Advisors LP grew its position in Cable One by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock valued at $60,386,000 after acquiring an additional 10,211 shares in the last quarter. Geode Capital Management LLC increased its stake in Cable One by 1.6% during the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company's stock worth $41,342,000 after purchasing an additional 1,839 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cable One by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after purchasing an additional 7,055 shares in the last quarter. Institutional investors and hedge funds 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.