Short Interest in Cable One, Inc. (NYSE:CABO) Increases By 7.4%

Cable One, Inc. (NYSE:CABO) was the recipient 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 short sold. Based on an average trading volume of 88,500 shares, the days-to-cover ratio is presently 5.6 days.

Insiders Place Their Bets

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. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Cable One by 0.6% during the 4th 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 last quarter. Rothschild & Co Wealth Management UK Ltd boosted its position in shares of Cable One by 1.7% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 279,010 shares of the company’s stock valued at $171,770,000 after acquiring an additional 4,689 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Cable One by 11.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock valued at $149,447,000 after acquiring an additional 27,635 shares during the last quarter. Capital International Investors boosted its position in shares of Cable One by 74.9% during the 1st quarter. Capital International Investors now owns 204,285 shares of the company’s stock valued at $300,489,000 after acquiring an additional 87,503 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in Cable One by 4.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 161,705 shares of the company’s stock worth $90,003,000 after buying an additional 6,608 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cable One Stock Performance

NYSE:CABO traded up $6.60 during mid-day trading on Wednesday, reaching $393.60. The company’s stock had a trading volume of 74,256 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 P/E ratio of 8.66 and a beta of 0.80. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.94. The firm’s fifty day moving average price is $443.11 and its two-hundred day moving average price is $520.32.

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

Cable One Announces Dividend

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