Cable One (NYSE:CABO) Reaches New 1-Year Low - Time to Sell?

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $233.82 and last traded at $236.30, with a volume of 123618 shares traded. The stock had previously closed at $274.73.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CABO shares. KeyCorp lowered their price objective on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Wells Fargo & Company lowered their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th.

Cable One Stock 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 company has a 50 day moving average price of $298.47 and a 200 day moving average price of $342.69. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 5.37 and a beta of 0.93.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a $2.95 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 5.08%. Cable One's dividend payout ratio is presently 229.57%.

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Insider Activity

In other news, Director Wallace R. Weitz bought 1,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cable One

Several hedge funds have recently modified their holdings of CABO. AlphaQuest LLC bought a new position in shares of Cable One during the 4th quarter worth approximately $49,000. Sound Income Strategies LLC bought a new stake in shares of Cable One in the 4th quarter worth approximately $50,000. KBC Group NV raised its holdings in shares of Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after purchasing an additional 50 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock worth $60,000 after purchasing an additional 29 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after purchasing an additional 111 shares during the period. Institutional investors own 89.92% of the company's stock.

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.