Cable One, Inc. (NYSE:CABO) Director Thomas Sinnickson Gayner Buys 50 Shares

Cable One, Inc. (NYSE:CABOGet Rating) Director Thomas Sinnickson Gayner purchased 50 shares of the stock in a transaction dated Wednesday, May 25th. The shares were bought at an average price of $1,257.97 per share, with a total value of $62,898.50. Following the completion of the acquisition, the director now directly owns 7,469 shares of the company’s stock, valued at approximately $9,395,777.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cable One stock traded up $7.71 during midday trading on Friday, reaching $1,285.04. The company had a trading volume of 41,312 shares, compared to its average volume of 44,926. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.87 and a quick ratio of 1.87. The firm’s fifty day simple moving average is $1,328.85 and its 200-day simple moving average is $1,524.06. Cable One, Inc. has a 12-month low of $1,049.81 and a 12-month high of $2,136.14. The company has a market capitalization of $7.70 billion, a P/E ratio of 20.65 and a beta of 0.74.

Cable One (NYSE:CABOGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $26.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.03 by $14.82. Cable One had a net margin of 23.34% and a return on equity of 22.11%. The business had revenue of $426.70 million during the quarter, compared to the consensus estimate of $427.97 million. During the same quarter last year, the firm earned $11.19 EPS. The business’s revenue was up 25.0% compared to the same quarter last year. On average, analysts expect that Cable One, Inc. will post 67.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Tuesday, May 31st will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $11.00 annualized dividend and a dividend yield of 0.86%. Cable One’s dividend payout ratio (DPR) is currently 17.63%.

Several brokerages have recently commented on CABO. StockNews.com assumed coverage on Cable One in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Truist Financial lowered their price objective on shares of Cable One from $2,000.00 to $1,400.00 in a research note on Friday, May 6th. Cowen decreased their price target on shares of Cable One from $2,000.00 to $1,800.00 in a research note on Friday, February 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Cable One from $2,100.00 to $1,800.00 in a research report on Friday, May 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Cable One currently has a consensus rating of “Buy” and an average price target of $1,751.14.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sageworth Trust Co of South Dakota acquired a new position in shares of Cable One during the fourth quarter worth about $28,000. Allspring Global Investments Holdings LLC acquired a new position in Cable One during the fourth quarter worth about $29,000. National Bank of Canada FI acquired a new position in Cable One during the fourth quarter worth about $33,000. Confluence Wealth Services Inc. purchased a new stake in shares of Cable One in the fourth quarter valued at about $40,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Cable One by 33.3% in the fourth quarter. Harbour Investments Inc. now owns 28 shares of the company’s stock valued at $49,000 after purchasing an additional 7 shares in the last quarter. 89.51% of the stock is owned by hedge funds and other institutional investors.

Cable One Company Profile (Get Rating)

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 residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.

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