Cable One Inc. (NYSE:CABO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “

Separately, TheStreet assumed coverage on shares of Cable One in a research note on Wednesday, July 13th. They set a “hold” rating for the company.

Cable One (NYSE:CABO) traded down 2.37% during mid-day trading on Tuesday, hitting $584.80. The company had a trading volume of 67,455 shares. The firm has a market capitalization of $3.35 billion, a PE ratio of 34.40 and a beta of 0.28. The company has a 50 day moving average of $561.47 and a 200 day moving average of $510.59. Cable One has a 1-year low of $390.00 and a 1-year high of $601.01.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.19. Cable One had a net margin of 12.26% and a return on equity of 23.07%. The company earned $204.56 million during the quarter, compared to analysts’ expectations of $202.03 million. During the same quarter in the prior year, the company earned $3.67 EPS. Cable One’s revenue was up .9% compared to the same quarter last year. Analysts predict that Cable One will post $19.68 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of CABO. Legal & General Group Plc boosted its stake in Cable One by 1.8% in the second quarter. Legal & General Group Plc now owns 507 shares of the company’s stock valued at $259,000 after buying an additional 9 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Cable One by 3.6% in the second quarter. Ameritas Investment Partners Inc. now owns 690 shares of the company’s stock valued at $353,000 after buying an additional 24 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Cable One by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,524 shares of the company’s stock valued at $890,000 after buying an additional 30 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Cable One by 3.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,244 shares of the company’s stock valued at $636,000 after buying an additional 39 shares during the period. Finally, Comerica Bank boosted its stake in Cable One by 1.6% in the second quarter. Comerica Bank now owns 3,050 shares of the company’s stock valued at $1,591,000 after buying an additional 48 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.

Cable One Company Profile

Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.

5 Day Chart for NYSE:CABO

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