Cable One, Inc. (NYSE:CABO) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other research analysts have also commented on CABO. Zacks Investment Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. Raymond James Financial, Inc. increased their price objective on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Finally, TheStreet upgraded Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $693.75.

Cable One (NYSE CABO) opened at 721.99 on Thursday. Cable One has a 12 month low of $559.83 and a 12 month high of $754.00. The firm’s 50-day moving average price is $737.37 and its 200-day moving average price is $737.37. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 38.77 and a beta of 0.31.

Cable One (NYSE:CABO) last released its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.10 by ($0.13). Cable One had a net margin of 12.44% and a return on equity of 22.83%. The business had revenue of $241.00 million for the quarter, compared to analyst estimates of $247.02 million. During the same period in the prior year, the business earned $4.62 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts predict that Cable One will post $20.60 earnings per share for the current year.

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In related news, major shareholder Donald Graham purchased 8,187 shares of Cable One stock in a transaction dated Friday, July 28th. The shares were acquired at an average cost of $742.52 per share, for a total transaction of $6,079,011.24. Following the transaction, the insider now directly owns 279,733 shares of the company’s stock, valued at $207,707,347.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Julia M. Laulis sold 867 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total value of $638,415.45. Following the completion of the transaction, the chief executive officer now owns 7,642 shares in the company, valued at $5,627,186.70. The disclosure for this sale can be found here. Insiders sold a total of 2,561 shares of company stock worth $1,893,119 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently bought and sold shares of CABO. Russell Investments Group Ltd. boosted its position in shares of Cable One by 45.2% in the 1st quarter. Russell Investments Group Ltd. now owns 4,383 shares of the company’s stock worth $2,737,000 after purchasing an additional 1,364 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Cable One by 4.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,833 shares of the company’s stock worth $1,767,000 after purchasing an additional 132 shares during the last quarter. US Bancorp DE boosted its position in shares of Cable One by 16.2% in the 1st quarter. US Bancorp DE now owns 230 shares of the company’s stock worth $144,000 after purchasing an additional 32 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Cable One by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 64,317 shares of the company’s stock worth $40,165,000 after purchasing an additional 2,036 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Cable One by 4.6% in the 1st quarter. Comerica Bank now owns 3,667 shares of the company’s stock worth $2,498,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 70.34% 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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