Short Interest in Cable One, Inc. (NYSE:CABO) Rises By 7.3%

Cable One, Inc. (NYSE:CABO) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 1,170,000 shares, a growth of 7.3% from the June 30th total of 1,090,000 shares. Based on an average daily volume of 117,200 shares, the short-interest ratio is currently 10.0 days. Approximately 26.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. KeyCorp dropped their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Wells Fargo & Company dropped their price objective on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a report on Friday, May 3rd. Finally, TD Cowen dropped their price objective on shares of Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $590.83.

Cable One Trading Down 3.0 %

Cable One stock traded down $12.21 during midday trading on Thursday, reaching $401.17. The stock had a trading volume of 7,887 shares, compared to its average volume of 112,079. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. Cable One has a 52-week low of $318.68 and a 52-week high of $741.25. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 9.47 and a beta of 0.83. The company has a fifty day moving average of $359.76 and a 200 day moving average of $416.62.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, May 2nd. The company reported $8.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The business had revenue of $404.30 million for the quarter, compared to the consensus estimate of $408.79 million. During the same quarter in the prior year, the business posted $9.62 earnings per share. Cable One’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts anticipate that Cable One will post 32.21 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were paid a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 2.94%. Cable One’s dividend payout ratio is presently 27.02%.

Insider Transactions at Cable One

In related news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average cost of $369.98 per share, for a total transaction of $369,980.00. Following the purchase, the director now directly owns 4,565 shares of the company’s stock, valued at approximately $1,688,958.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cable One

Institutional investors have recently bought and sold shares of the company. Bfsg LLC acquired a new stake in Cable One in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp lifted its stake in shares of Cable One by 87.5% during the first quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock worth $32,000 after buying an additional 35 shares during the period. Versant Capital Management Inc lifted its stake in shares of Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after buying an additional 95 shares during the period. Spire Wealth Management acquired a new stake in shares of Cable One during the fourth quarter worth $46,000. Finally, Principal Securities Inc. acquired a new stake in shares of Cable One during the fourth quarter worth $53,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.