Cable One (NYSE:CABO) Trading Up 4.4% – Should You Buy?

Cable One, Inc. (NYSE:CABO)’s share price traded up 4.4% during trading on Tuesday . The stock traded as high as $263.43 and last traded at $265.78. 37,803 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 111,843 shares. The stock had previously closed at $254.62.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CABO shares. Wells Fargo & Company lowered their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Finally, KeyCorp dropped their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th.

Cable One Stock Performance

The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 6.13 and a beta of 0.93. The firm’s 50 day moving average is $286.10 and its 200-day moving average is $338.33. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were paid a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Tuesday, February 18th. Cable One’s payout ratio is 229.57%.

Insider Buying and Selling

In other news, Director Wallace R. Weitz bought 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Cable One

A number of institutional investors have recently made changes to their positions in CABO. Intech Investment Management LLC acquired a new stake in Cable One in the 3rd quarter valued at approximately $384,000. Cerity Partners LLC boosted its holdings in Cable One by 40.5% during the third quarter. Cerity Partners LLC now owns 1,825 shares of the company’s stock valued at $638,000 after purchasing an additional 526 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Cable One by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock valued at $1,140,000 after buying an additional 1,836 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cable One by 59.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 804 shares of the company’s stock valued at $281,000 after buying an additional 299 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in Cable One by 116.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock valued at $1,573,000 after acquiring an additional 2,419 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.