Cable One (NYSE:CABO) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Cable One (NYSE:CABO – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

A number of other equities research analysts have also recently commented on the company. Raymond James lowered their target price on Cable One from $1,200.00 to $900.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. Wells Fargo & Company cut their target price on Cable One from $680.00 to $670.00 in a research report on Friday, May 5th. JPMorgan Chase & Co. cut their target price on shares of Cable One from $800.00 to $785.00 and set a “neutral” rating on the stock in a research note on Monday, February 27th. Cowen decreased their price target 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. Finally, KeyCorp dropped their price target on shares of Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating for the company in a research report on Friday, February 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,104.29.

Cable One Price Performance

NYSE:CABO opened at $666.81 on Thursday. Cable One has a 52 week low of $609.85 and a 52 week high of $1,464.20. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $3.80 billion, a P/E ratio of 35.32 and a beta of 0.83. The stock’s fifty day moving average is $680.28 and its two-hundred day moving average is $716.37.

Cable One (NYSE:CABO – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The company reported $9.62 earnings per share for the quarter, missing analysts’ consensus estimates of $14.40 by ($4.78). The firm had revenue of $421.90 million during the quarter, compared to analyst estimates of $420.66 million. Cable One had a net margin of 7.06% and a return on equity of 13.99%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $26.85 earnings per share. Equities analysts expect that Cable One will post 50.51 EPS for the current year.

Insider Buying and Selling at Cable One

In other news, SVP Eric Michael Lardy sold 321 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $673.85, for a total value of $216,305.85. Following the completion of the transaction, the senior vice president now directly owns 2,422 shares in the company, valued at approximately $1,632,064.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Eric Michael Lardy sold 321 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $673.85, for a total value of $216,305.85. Following the sale, the senior vice president now directly owns 2,422 shares of the company’s stock, valued at approximately $1,632,064.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher D. Boone sold 250 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $650.00, for a total transaction of $162,500.00. Following the completion of the transaction, the insider now directly owns 1,392 shares in the company, valued at $904,800. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Cable One

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild & Co Wealth Management UK Ltd boosted its position in shares of Cable One by 1.8% in the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 269,929 shares of the company’s stock valued at $189,490,000 after acquiring an additional 4,706 shares during the period. Capital International Investors grew its position in shares of Cable One by 74.9% in the 1st quarter. Capital International Investors now owns 204,285 shares of the company’s stock worth $300,489,000 after buying an additional 87,503 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Cable One by 18.2% during the 1st quarter. Neuberger Berman Group LLC now owns 184,947 shares of the company’s stock valued at $129,833,000 after acquiring an additional 28,412 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Cable One by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 152,052 shares of the company’s stock worth $108,240,000 after purchasing an additional 4,250 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Cable One in the 4th quarter worth approximately $1,119,000. Institutional investors own 90.08% of the company’s stock.

Cable One Company Profile

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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.