Cable One (NYSE:CABO) Stock Price Passes Below 50-Day Moving Average - What's Next?

Cable One, Inc. (NYSE:CABO - Get Free Report)'s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $387.63 and traded as low as $352.29. Cable One shares last traded at $360.98, with a volume of 125,553 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Cable One has an average rating of "Hold" and a consensus target price of $554.40.

Cable One Stock Up 0.9 %

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 company's fifty day moving average price is $387.63 and its 200-day moving average price is $365.65. The stock has a market capitalization of $2.03 billion, a PE ratio of 8.35 and a beta of 0.89.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were paid a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.27%. Cable One's dividend payout ratio is currently 27.29%.

Hedge Funds Weigh In On Cable One

A number of hedge funds have recently bought and sold shares of CABO. Nordea Investment Management AB boosted its stake in Cable One by 5.6% during the 4th quarter. Nordea Investment Management AB now owns 22,056 shares of the company's stock valued at $7,984,000 after purchasing an additional 1,179 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Cable One during the third quarter valued at $717,000. Sanctuary Advisors LLC boosted its position in shares of Cable One by 3.1% during the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company's stock valued at $505,000 after buying an additional 43 shares during the last quarter. Virtu Financial LLC bought a new stake in Cable One in the 3rd quarter worth about $240,000. Finally, Geode Capital Management LLC raised its position in Cable One by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company's stock worth $41,342,000 after buying an additional 1,839 shares during the last quarter. Institutional investors 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.