Cable One (NYSE:CABO) Trading Down 5.2% – Time to Sell?

Shares of Cable One, Inc. (NYSE:CABO) fell 5.2% on Thursday . The company traded as low as $304.26 and last traded at $306.06. 13,195 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 91,528 shares. The stock had previously closed at $322.88.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $554.40.

Cable One Trading Down 5.9 %

The stock’s 50 day moving average is $370.59 and its 200-day moving average is $364.67. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $1.71 billion, a P/E ratio of 7.03 and a beta of 0.89.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cable One’s dividend payout ratio is currently 27.29%.

Institutional Investors Weigh In On Cable One

A number of hedge funds and other institutional investors have recently bought and sold shares of CABO. Marshall Wace LLP purchased a new stake in Cable One during the 2nd quarter valued at about $1,410,000. Speece Thorson Capital Group Inc. lifted its stake in shares of Cable One by 24.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock worth $9,566,000 after buying an additional 5,394 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Cable One by 116.4% during the third quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock valued at $1,573,000 after buying an additional 2,419 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Cable One by 129.0% during the third quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock valued at $1,140,000 after acquiring an additional 1,836 shares in the last quarter. Finally, Private Management Group Inc. lifted its position in Cable One by 2.1% in the 3rd quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock valued at $40,575,000 after acquiring an additional 2,358 shares in the last quarter. Hedge funds and other 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.