Cable One (NYSE:CABO) Price Target Cut to $325.00 by Analysts at JPMorgan Chase & Co.

Cable One (NYSE:CABO) had its price target cut by JPMorgan Chase & Co. from $420.00 to $325.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also issued reports on CABO. Wells Fargo & Company decreased their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday. KeyCorp reduced their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $457.20.

Cable One Stock Performance

NYSE:CABO opened at $241.98 on Monday. 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 has a 52-week low of $240.55 and a 52-week high of $475.00. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 5.60 and a beta of 0.89. The business’s fifty day moving average is $319.90 and its 200 day moving average is $349.37.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One’s payout ratio is 229.57%.

Hedge Funds Weigh In On Cable One

Hedge funds and other institutional investors have recently modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of Cable One in the 4th quarter worth about $49,000. Sound Income Strategies LLC purchased a new position in shares of Cable One in the 4th quarter worth about $50,000. KBC Group NV boosted its holdings in shares of Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after purchasing an additional 50 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock worth $60,000 after purchasing an additional 111 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after purchasing an additional 29 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.