Cable One, Inc. (NYSE:CABO - Get Free Report) shares were up 3.5% during mid-day trading on Tuesday . The stock traded as high as $354.23 and last traded at $353.81. Approximately 3,248 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 104,527 shares. The stock had previously closed at $341.88.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. raised their target price on shares of Cable One from $470.00 to $480.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $533.33.
Check Out Our Latest Analysis on CABO
Cable One Price Performance
The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81. The stock's fifty day moving average price is $350.98 and its 200-day moving average price is $367.72. The firm has a market cap of $2.00 billion, a PE ratio of 8.15 and a beta of 0.84.
Cable One (NYSE:CABO - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 12.04%. Cable One's revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.43 earnings per share. As a group, equities analysts forecast that Cable One, Inc. will post 30.99 EPS for the current fiscal year.
Cable One Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One's dividend payout ratio is currently 27.02%.
Institutional Investors Weigh In On Cable One
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company's stock valued at $41,000 after buying an additional 95 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of Cable One during the 2nd quarter worth $45,000. GAMMA Investing LLC lifted its stake in shares of Cable One by 964.3% during 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 acquired a new stake in shares of Cable One during the second quarter worth $65,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cable One in the second quarter valued at $72,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Cable One Company Profile
(
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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.
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