Cable One (NYSE:CABO) Sets New 12-Month Low - Should You Sell?

Cable One, Inc. (NYSE:CABO - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $312.30 and last traded at $314.16, with a volume of 300 shares traded. The stock had previously closed at $316.06.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price objective on shares of Cable One from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Cable One currently has a consensus rating of "Hold" and an average price target of $533.33.

Cable One Stock Up 1.2 %

The firm has a market cap of $1.80 billion, a P/E ratio of 7.32 and a beta of 0.84. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.81 and a current ratio of 1.81. The firm's fifty day moving average is $355.06 and its 200 day moving average is $370.09.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.36 by ($2.20). Cable One had a return on equity of 11.69% and a net margin of 15.31%. The company had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same quarter in the prior year, the company earned $10.43 earnings per share. Cable One's revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Tuesday, August 27th. Cable One's dividend payout ratio is currently 27.02%.

Institutional Trading of Cable One

Several hedge funds and other institutional investors have recently modified their holdings of CABO. Versant Capital Management Inc lifted its holdings in shares of Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company's stock worth $41,000 after acquiring an additional 95 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Cable One during the 2nd quarter valued at about $45,000. GAMMA Investing LLC lifted its stake in shares of Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company's stock worth $53,000 after purchasing an additional 135 shares during the period. Innealta Capital LLC bought a new stake in Cable One during the 2nd quarter worth approximately $65,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Cable One during the 2nd quarter worth approximately $72,000. 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.