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

Cable One, Inc. (NYSE:CABO) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 864,200 shares, a decrease of 8.6% from the September 30th total of 945,100 shares. Approximately 19.4% of the shares of the stock are sold short. Based on an average daily volume of 88,300 shares, the days-to-cover ratio is presently 9.8 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price target on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cable One currently has a consensus rating of “Hold” and an average price target of $533.33.

Hedge Funds Weigh In On Cable One

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its stake in shares of Cable One by 880.9% during the first quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after buying an additional 13,354 shares during the period. Vanguard Group Inc. raised its position in Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after purchasing an additional 48,513 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Cable One in the first quarter valued at about $8,695,000. Private Management Group Inc. lifted its position in Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after acquiring an additional 47,082 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Cable One during the first quarter worth $7,068,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Performance

NYSE CABO opened at $341.56 on Friday. Cable One has a fifty-two week low of $311.28 and a fifty-two week high of $618.44. The firm has a market capitalization of $1.92 billion, a P/E ratio of 7.70 and a beta of 0.84. The stock’s fifty day moving average is $344.08 and its two-hundred day moving average is $363.28. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing the consensus estimate of $10.36 by ($2.20). The business had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. Cable One had a return on equity of 12.04% and a net margin of 15.31%. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.43 earnings per share. On average, research analysts anticipate that Cable One will post 30.99 earnings per share for the current year.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.45%. Cable One’s dividend payout ratio is currently 27.02%.

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.