Cable One, Inc. (NYSE:CABO) Given Average Recommendation of “Hold” by Analysts

Shares of Cable One, Inc. (NYSE:CABO) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $590.83.

CABO has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research report on Friday, May 3rd. KeyCorp cut 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 report on Thursday, April 4th. TD Cowen reduced their price target on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Finally, Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective on the stock in a research note on Tuesday, March 5th.

Insider Activity at Cable One

In related news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the sale, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of $369.98 per share, with a total value of $369,980.00. Following the transaction, the director now owns 4,565 shares of the company’s stock, valued at approximately $1,688,958.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the sale, the insider now owns 1,854 shares of the company’s stock, valued at $852,840. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cable One

Institutional investors have recently bought and sold shares of the stock. Bfsg LLC bought a new stake in shares of Cable One in the fourth quarter worth about $28,000. Fifth Third Bancorp increased its stake in Cable One by 87.5% in the 1st quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock worth $32,000 after acquiring an additional 35 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Cable One during the 4th quarter worth approximately $46,000. Principal Securities Inc. bought a new position in shares of Cable One during the 4th quarter valued at approximately $53,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Cable One by 43.0% in the third quarter. SRS Capital Advisors Inc. now owns 153 shares of the company’s stock valued at $94,000 after purchasing an additional 46 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Stock Down 3.9 %

Cable One stock opened at $338.14 on Friday. Cable One has a fifty-two week low of $337.84 and a fifty-two week high of $749.00. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 7.74 and a beta of 0.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86. The company’s 50 day simple moving average is $401.70 and its 200 day simple moving average is $480.77.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a return on equity of 12.76% and a net margin of 15.50%. The company had revenue of $404.30 million during the quarter, compared to analyst estimates of $408.79 million. During the same period in the previous year, the company posted $9.62 earnings per share. Cable One’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Cable One will post 32.41 EPS for the current year.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, May 28th will be issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, May 24th. Cable One’s dividend payout ratio (DPR) is currently 27.02%.

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.