Cable One (NYSE:CABO) Shares Down 5.2% - What's Next?

Cable One, Inc. (NYSE:CABO - Get Free Report) shares were down 5.2% during trading on Thursday . The stock traded as low as $304.26 and last traded at $306.06. Approximately 13,195 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 91,528 shares. The stock had previously closed at $322.88.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on Cable One from $480.00 to $470.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $554.40.

Cable One Stock Down 5.4 %

The company has a 50-day moving average of $366.32 and a 200-day moving average of $363.87. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 6.65 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cable One's dividend payout ratio is currently 27.29%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC acquired a new position in Cable One during the 4th quarter valued at about $50,000. KBC Group NV raised its stake in shares of Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after purchasing an additional 50 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Cable One by 20.4% during the third 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. GAMMA Investing LLC boosted its position in Cable One by 32.2% in the third quarter. GAMMA Investing LLC now owns 197 shares of the company's stock valued at $69,000 after buying an additional 48 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock worth $95,000 after buying an additional 220 shares during the period. 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.