Cable One (NYSE:CABO) Hits New 12-Month Low – Should You Sell?

Cable One, Inc. (NYSE:CABO)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $296.20 and last traded at $292.89, with a volume of 951 shares traded. The stock had previously closed at $304.01.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cable One has a consensus rating of “Hold” and an average target price of $554.40.

Cable One Stock Down 1.0 %

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 stock’s fifty day simple moving average is $360.86 and its 200-day simple moving average is $362.82. The stock has a market cap of $1.60 billion, a P/E ratio of 6.59 and a beta of 0.90.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 4.14%. Cable One’s dividend payout ratio (DPR) is 27.29%.

Institutional Investors Weigh In On Cable One

A number of hedge funds have recently made changes to their positions in CABO. Sound Income Strategies LLC bought a new stake in shares of Cable One during the 4th quarter worth about $50,000. KBC Group NV boosted its stake in Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after purchasing an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after purchasing an additional 29 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cable One by 32.2% in the third 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 period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock valued at $95,000 after buying an additional 220 shares during the period. 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.