Cable One (NYSE:CABO) Trading Up 3.5% – Still a Buy?

Cable One, Inc. (NYSE:CABO)’s stock price shot up 3.5% on Tuesday . The company traded as high as $354.23 and last traded at $353.81. 3,248 shares changed hands during trading, a decline of 97% from the average session volume of 104,527 shares. The stock had previously closed at $341.88.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cable One presently has an average rating of “Hold” and an average price target of $533.33.

Cable One Trading Down 1.5 %

The firm’s 50-day simple moving average is $350.13 and its 200 day simple moving average is $367.25. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 8.03 and a beta of 0.84. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing the consensus estimate of $10.36 by ($2.20). The business had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. Cable One had a return on equity of 12.04% and a net margin of 15.31%. Cable One’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.43 earnings per share. Equities analysts expect that Cable One, Inc. will post 30.99 earnings per share for the current year.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.37%. Cable One’s payout ratio is currently 27.02%.

Hedge Funds Weigh In On Cable One

A number of institutional investors have recently added to or reduced their stakes in CABO. AlphaMark Advisors LLC acquired a new stake in Cable One in the third quarter valued at approximately $295,000. Bfsg LLC boosted its holdings in shares of Cable One by 3.5% during the 3rd quarter. Bfsg LLC now owns 971 shares of the company’s stock valued at $340,000 after acquiring an additional 33 shares in the last quarter. Inspire Investing LLC grew its position in Cable One by 16.7% during the 3rd 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. acquired a new position in Cable One in the 3rd 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. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.