Cable One, Inc. (NYSE:CABO) Short Interest Update

Cable One, Inc. (NYSE:CABO) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 499,000 shares, a growth of 7.4% from the March 15th total of 464,500 shares. Currently, 11.4% of the shares of the stock are sold short. Based on an average daily volume of 88,500 shares, the days-to-cover ratio is currently 5.6 days.

Insider Activity at Cable One

In other Cable One news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total transaction of $93,840.00. Following the transaction, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. raised its holdings in shares of Cable One by 6.3% during the 1st quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock worth $274,000 after acquiring an additional 11 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Cable One by 0.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,262 shares of the company’s stock worth $2,322,000 after acquiring an additional 18 shares in the last quarter. Toroso Investments LLC raised its holdings in shares of Cable One by 10.3% during the 1st quarter. Toroso Investments LLC now owns 203 shares of the company’s stock worth $297,000 after acquiring an additional 19 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Cable One by 1.8% during the 4th quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company’s stock worth $627,000 after acquiring an additional 20 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Cable One by 5.0% during the 3rd quarter. Inspire Investing LLC now owns 502 shares of the company’s stock worth $309,000 after acquiring an additional 24 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a report on Friday, April 5th. KeyCorp dropped their target price on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Finally, Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target for the company in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Cable One currently has a consensus rating of “Hold” and an average target price of $627.80.

Cable One Stock Performance

Shares of NYSE CABO traded up $6.60 during midday trading on Wednesday, hitting $393.60. 74,257 shares of the company’s stock traded hands, compared to its average volume of 90,179. Cable One has a 1 year low of $373.37 and a 1 year high of $768.75. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 8.66 and a beta of 0.80. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a fifty day moving average of $443.11 and a 200 day moving average of $520.32.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing the consensus estimate of $12.86 by ($2.20). Cable One had a net margin of 15.94% and a return on equity of 13.65%. The business had revenue of $411.82 million for the quarter, compared to analysts’ expectations of $417.66 million. On average, analysts forecast that Cable One will post 43.36 earnings per share for the current year.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $2.95 per share. The ex-dividend date was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.00%. Cable One’s dividend payout ratio (DPR) is presently 26.12%.

Cable One Company Profile

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.