Cable One, Inc. (NYSE:CABO – Get Free Report)’s stock price was down 9.7% during trading on Friday after KeyCorp lowered their price target on the stock from $1,110.00 to $900.00. KeyCorp currently has an overweight rating on the stock. Cable One traded as low as $405.75 and last traded at $429.73. Approximately 30,707 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 70,177 shares. The stock had previously closed at $476.06.
Separately, BNP Paribas initiated coverage on Cable One in a research note on Monday, December 4th. They set an “underperform” rating and a $418.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $758.00.
Hedge Funds Weigh In On Cable One
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. boosted its stake in shares of Cable One by 6.3% in the 1st quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock worth $274,000 after buying an additional 11 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Cable One by 4.8% in the 2nd quarter. Personal CFO Solutions LLC now owns 327 shares of the company’s stock worth $215,000 after buying an additional 15 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Cable One by 0.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,262 shares of the company’s stock worth $2,322,000 after buying an additional 18 shares during the last quarter. Toroso Investments LLC boosted its stake in shares of Cable One by 10.3% in the 1st quarter. Toroso Investments LLC now owns 203 shares of the company’s stock worth $297,000 after buying an additional 19 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in shares of Cable One by 1.8% in the 4th quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company’s stock worth $627,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.
Cable One Price Performance
The business has a 50 day moving average price of $531.68 and a two-hundred day moving average price of $577.92. The stock has a market cap of $2.43 billion, a PE ratio of 34.63 and a beta of 0.87. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.81 and a current ratio of 1.81.
Cable One Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th will be paid a $2.95 dividend. The ex-dividend date is Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 2.73%. Cable One’s payout ratio is presently 95.08%.
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.