Cable One, Inc. (CABO) Upgraded by BidaskClub to Strong-Buy
BidaskClub upgraded shares of Cable One, Inc. (NYSE:CABO) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.
Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of Cable One from a c rating to a b- rating in a research note on Monday, June 12th. Zacks Investment Research raised shares of Cable One from a strong sell rating to a hold rating in a research note on Monday, July 10th. Finally, Raymond James Financial, Inc. assumed coverage on shares of Cable One in a research note on Thursday, June 8th. They issued an outperform rating and a $785.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $693.75.
Shares of Cable One (NYSE:CABO) opened at 741.02 on Wednesday. Cable One has a 52 week low of $527.75 and a 52 week high of $788.00. The firm’s 50-day moving average is $742.67 and its 200 day moving average is $687.73. The company has a market capitalization of $4.24 billion, a PE ratio of 39.79 and a beta of 0.30.
Cable One (NYSE:CABO) last announced its earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing analysts’ consensus estimates of $5.10 by $0.13. The company had revenue of $241 million during the quarter, compared to analysts’ expectations of $247.02 million. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.62 earnings per share. On average, analysts anticipate that Cable One will post $20.60 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $1.75 dividend. This is an increase from Cable One’s previous quarterly dividend of $1.50. This represents a $7.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, August 11th. Cable One’s dividend payout ratio (DPR) is currently 37.57%.
In related news, SVP Eric Michael Lardy sold 322 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $725.00, for a total value of $233,450.00. Following the sale, the senior vice president now directly owns 2,542 shares of the company’s stock, valued at $1,842,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Donald Graham sold 1,300 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $727.34, for a total transaction of $945,542.00. Following the completion of the sale, the insider now directly owns 246,985 shares in the company, valued at $179,642,069.90. The disclosure for this sale can be found here. Insiders sold 9,889 shares of company stock worth $7,122,222 over the last ninety days. 1.30% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Blair William & Co. IL increased its position in Cable One by 0.3% in the second quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock valued at $736,000 after buying an additional 3 shares during the period. Envestnet Asset Management Inc. increased its position in Cable One by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock valued at $192,000 after buying an additional 8 shares during the period. Liberty Mutual Group Asset Management Inc. increased its position in Cable One by 0.4% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 2,116 shares of the company’s stock valued at $1,322,000 after buying an additional 8 shares during the period. World Asset Management Inc increased its position in Cable One by 4.3% in the second quarter. World Asset Management Inc now owns 338 shares of the company’s stock valued at $240,000 after buying an additional 14 shares during the period. Finally, Capstone Asset Management Co. increased its position in Cable One by 3.1% in the first quarter. Capstone Asset Management Co. now owns 573 shares of the company’s stock valued at $358,000 after buying an additional 17 shares during the period. 75.66% of the stock is currently owned by institutional investors and hedge funds.
Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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