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

Cable One, Inc. (NYSE:CABO) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 499,000 shares, an increase 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 short-interest ratio is presently 5.6 days.

Insider Buying and Selling at Cable One

In other Cable One news, insider Christopher D. Boone sold 204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the sale, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cable One

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Cable One by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock valued at $245,826,000 after acquiring an additional 2,681 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its stake in shares of Cable One by 1.7% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 279,010 shares of the company’s stock worth $171,770,000 after purchasing an additional 4,689 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Cable One by 11.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock worth $149,447,000 after purchasing an additional 27,635 shares in the last quarter. Capital International Investors lifted its stake in shares of Cable One by 74.9% during the first quarter. Capital International Investors now owns 204,285 shares of the company’s stock worth $300,489,000 after purchasing an additional 87,503 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Cable One by 4.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 161,705 shares of the company’s stock worth $90,003,000 after purchasing an additional 6,608 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

CABO has been the subject of several analyst reports. Moffett Nathanson upgraded Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price for the company in a report on Tuesday, March 5th. KeyCorp decreased their price target on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Finally, Wells Fargo & Company decreased their target price on Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $627.80.

Cable One Stock Up 1.7 %

Shares of CABO traded up $6.60 during mid-day trading on Wednesday, reaching $393.60. The company’s stock had a trading volume of 74,257 shares, compared to its average volume of 90,179. Cable One has a 12-month low of $373.37 and a 12-month high of $768.75. The stock has a market cap of $2.21 billion, a PE ratio of 8.66 and a beta of 0.80. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69. The company’s 50 day moving average is $443.11 and its 200 day moving average is $520.32.

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

Cable One Dividend Announcement

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

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.