Cable One (NYSE:CABO) Trading 4.4% Higher - What's Next?

Cable One, Inc. (NYSE:CABO - Get Free Report)'s stock price was up 4.4% during trading on Tuesday . The stock traded as high as $360.65 and last traded at $353.98. Approximately 12,117 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 104,237 shares. The stock had previously closed at $339.15.

Analyst Ratings Changes

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

Cable One Price Performance

The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 7.88 and a beta of 0.84. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.87. The business's 50 day simple moving average is $346.97 and its 200-day simple moving average is $365.43.

Cable One (NYSE:CABO - Get Free Report) last announced 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). The firm 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 12.04% and a net margin of 15.31%. The company's quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.43 earnings per share. On average, research analysts forecast that Cable One, Inc. will post 30.99 earnings per share for the current year.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.39%. Cable One's dividend payout ratio (DPR) is currently 27.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaMark Advisors LLC bought a new position in shares of Cable One in the third quarter worth about $295,000. Bfsg LLC lifted its holdings in shares of Cable One by 3.5% in the third quarter. Bfsg LLC now owns 971 shares of the company's stock worth $340,000 after acquiring an additional 33 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Cable One by 16.7% in the third quarter. Inspire Investing LLC now owns 1,172 shares of the company's stock worth $410,000 after acquiring an additional 168 shares during the last quarter. Howard Financial Services LTD. bought a new position in shares of Cable One in the third quarter worth about $265,000. Finally, GAMMA Investing LLC raised its holdings in Cable One by 32.2% in the 3rd 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. 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.