Cable One (NYSE:CABO) Shares Down 3.2% – Time to Sell?

Cable One, Inc. (NYSE:CABO) shares fell 3.2% on Friday . The company traded as low as $366.50 and last traded at $366.50. 2,127 shares were traded during trading, a decline of 98% from the average session volume of 101,517 shares. The stock had previously closed at $378.48.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $554.40.

Cable One Stock Down 2.8 %

The stock has a market capitalization of $2.07 billion, a P/E ratio of 8.75 and a beta of 0.87. The company has a fifty day moving average price of $378.54 and a 200-day moving average price of $366.15. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be given a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.21%. The ex-dividend date is Tuesday, December 3rd. Cable One’s dividend payout ratio is presently 27.29%.

Hedge Funds Weigh In On Cable One

Several large investors have recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of Cable One by 1,038.7% in the 2nd quarter. CWM LLC now owns 353 shares of the company’s stock worth $125,000 after acquiring an additional 322 shares during the last quarter. SG Americas Securities LLC purchased a new position in Cable One during the 2nd quarter valued at $347,000. Raymond James & Associates increased its stake in Cable One by 2.1% in the second quarter. Raymond James & Associates now owns 64,738 shares of the company’s stock worth $22,917,000 after purchasing an additional 1,312 shares during the period. Lecap Asset Management Ltd. bought a new stake in shares of Cable One during the second quarter worth $905,000. Finally, SummerHaven Investment Management LLC boosted its stake in shares of Cable One by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company’s stock valued at $419,000 after purchasing an additional 41 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.