Cable One (NYSE:CABO) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Cable One (NYSE:CABO – Get Rating) in a research note released on Thursday. The brokerage issued a hold rating on the stock.

Several other analysts also recently commented on CABO. Raymond James decreased their price objective on shares of Cable One from $1,200.00 to $900.00 and set an outperform rating on the stock in a research report on Friday, February 24th. KeyCorp dropped their price objective on shares of Cable One from $1,300.00 to $1,275.00 and set an overweight rating for the company in a research note on Friday, February 24th. Wells Fargo & Company cut shares of Cable One from an equal weight rating to an underweight rating and dropped their price target for the stock from $850.00 to $680.00 in a research note on Tuesday, February 21st. JPMorgan Chase & Co. dropped their price target on shares of Cable One from $800.00 to $785.00 and set a neutral rating for the company in a research note on Monday, February 27th. Finally, Cowen decreased their price objective on shares of Cable One from $1,050.00 to $950.00 and set a market perform rating for the company in a report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Cable One currently has a consensus rating of Hold and a consensus price target of $1,105.71.

Cable One Price Performance

Shares of CABO opened at $645.30 on Thursday. The stock has a market cap of $3.70 billion, a PE ratio of 17.87 and a beta of 0.83. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.42 and a current ratio of 1.42. Cable One has a fifty-two week low of $609.85 and a fifty-two week high of $1,576.49. The firm’s 50-day simple moving average is $745.83 and its two-hundred day simple moving average is $795.12.

Cable One (NYSE:CABO – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $8.94 EPS for the quarter, missing analysts’ consensus estimates of $12.56 by ($3.62). Cable One had a net margin of 13.72% and a return on equity of 19.71%. The firm had revenue of $425.52 million for the quarter, compared to analysts’ expectations of $422.84 million. Analysts anticipate that Cable One will post 57.11 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st were given a $2.85 dividend. This represents a $11.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, February 17th. Cable One’s dividend payout ratio (DPR) is 31.57%.

Insider Activity at Cable One

In related news, Director Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Monday, March 6th. The stock was bought at an average price of $709.30 per share, with a total value of $70,930.00. Following the completion of the purchase, the director now directly owns 2,420 shares in the company, valued at approximately $1,716,506. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Cable One

Hedge funds have recently added to or reduced their stakes in the company. Natixis raised its holdings in Cable One by 100.0% during the fourth quarter. Natixis now owns 6,000 shares of the company’s stock worth $4,271,000 after purchasing an additional 3,000 shares in the last quarter. Truist Financial Corp grew its position in Cable One by 3.2% in the 4th quarter. Truist Financial Corp now owns 6,906 shares of the company’s stock valued at $4,916,000 after buying an additional 212 shares during the last quarter. Linden Thomas Advisory Services LLC purchased a new stake in shares of Cable One during the 4th quarter worth $234,000. Point72 Middle East FZE purchased a new stake in shares of Cable One during the 4th quarter worth $841,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Cable One by 0.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,262 shares of the company’s stock worth $2,322,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.

About Cable One

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Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.