Kevin P. Coyle Sells 450 Shares of Cable One, Inc. (CABO) Stock
Cable One, Inc. (NYSE:CABO) CFO Kevin P. Coyle sold 450 shares of Cable One stock in a transaction on Friday, September 8th. The shares were sold at an average price of $740.91, for a total value of $333,409.50. Following the completion of the transaction, the chief financial officer now owns 4,440 shares of the company’s stock, valued at $3,289,640.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Cable One, Inc. (NYSE CABO) opened at 744.09 on Friday. The stock has a market capitalization of $4.26 billion, a PE ratio of 39.96 and a beta of 0.31. The stock has a 50 day moving average price of $747.36 and a 200 day moving average price of $694.92. Cable One, Inc. has a 12 month low of $538.00 and a 12 month high of $788.00.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the consensus estimate 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 return on equity of 22.83% and a net margin of 12.44%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned $4.62 earnings per share. On average, equities research analysts forecast that Cable One, Inc. will post $20.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 0.94%. This is a positive change from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Friday, August 11th. Cable One’s dividend payout ratio is 37.57%.
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Several brokerages have recently weighed in on CABO. TheStreet upgraded Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. Raymond James Financial, Inc. began coverage on Cable One in a research report on Thursday, June 8th. They issued an “outperform” rating and a $785.00 price target for the company. Zacks Investment Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. Finally, BidaskClub cut Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $693.75.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Cable One by 6,855.3% in the 1st quarter. BlackRock Inc. now owns 439,785 shares of the company’s stock worth $274,634,000 after purchasing an additional 433,462 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Cable One by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 382,886 shares of the company’s stock worth $272,194,000 after purchasing an additional 7,843 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Cable One by 92.3% in the 2nd quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock worth $97,535,000 after purchasing an additional 65,847 shares in the last quarter. State Street Corp increased its stake in shares of Cable One by 1.3% in the 2nd quarter. State Street Corp now owns 128,000 shares of the company’s stock worth $90,989,000 after purchasing an additional 1,696 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in shares of Cable One by 4.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 113,674 shares of the company’s stock worth $70,986,000 after purchasing an additional 5,208 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.
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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