Cable One, Inc. (NYSE:CABO) Short Interest Update

Cable One, Inc. (NYSE:CABO - Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 936,500 shares, a drop of 6.1% from the July 31st total of 997,000 shares. Based on an average daily trading volume, of 114,900 shares, the short-interest ratio is presently 8.2 days. Currently, 21.0% of the company's shares are sold short.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their target price on 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, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $533.33.

Institutional Investors Weigh In On Cable One

A number of hedge funds and other institutional investors have recently bought and sold shares of CABO. Victory Capital Management Inc. raised its position in Cable One by 19.6% in the 4th quarter. Victory Capital Management Inc. now owns 976 shares of the company's stock valued at $543,000 after buying an additional 160 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Cable One by 24.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 190 shares of the company's stock valued at $106,000 after buying an additional 37 shares during the last quarter. Spire Wealth Management acquired a new stake in Cable One in the 4th quarter valued at approximately $46,000. Charles Schwab Investment Management Inc. raised its position in Cable One by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,168 shares of the company's stock valued at $34,602,000 after buying an additional 3,449 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in Cable One in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Stock Down 2.5 %

Shares of NYSE CABO traded down $9.12 during mid-day trading on Monday, reaching $352.72. 78,300 shares of the company's stock were exchanged, compared to its average volume of 109,249. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.08 and a beta of 0.83. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.79. The business has a fifty day simple moving average of $363.60 and a 200 day simple moving average of $391.79. Cable One has a twelve month low of $318.68 and a twelve month high of $671.62.

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

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be given a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, August 27th. Cable One's dividend payout ratio is presently 27.02%.

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.