Cable One (NYSE:CABO) Sets New 52-Week Low - Should You Sell?

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $296.20 and last traded at $292.89, with a volume of 951 shares traded. The stock had previously closed at $304.01.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Cable One presently has an average rating of "Hold" and an average target price of $554.40.

Cable One Stock Performance

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 6.50 and a beta of 0.89. The firm has a fifty day moving average of $358.24 and a 200-day moving average of $362.30.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be issued a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.20%. Cable One's dividend payout ratio (DPR) is 27.29%.

Institutional Investors Weigh In On Cable One

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in shares of Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock valued at $60,000 after purchasing an additional 29 shares during the period. Bfsg LLC lifted its position in Cable One by 3.5% during the third quarter. Bfsg LLC now owns 971 shares of the company's stock valued at $340,000 after buying an additional 33 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Cable One by 3.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company's stock worth $505,000 after purchasing an additional 43 shares during the period. Global Retirement Partners LLC grew its stake in shares of Cable One by 15.5% in the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company's stock valued at $124,000 after buying an additional 46 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position 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 purchasing an additional 48 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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.