Cable One, Inc. (NYSE:CABO) Receives Consensus Rating of “Hold” from Analysts

Shares of Cable One, Inc. (NYSE:CABO) have been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $627.80.

A number of analysts have recently weighed in on the stock. KeyCorp cut their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Moffett Nathanson upgraded 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. Finally, Wells Fargo & Company cut their price objective on shares of Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research note on Friday, April 5th.

Cable One Trading Up 0.2 %

NYSE CABO opened at $407.69 on Wednesday. The company has a fifty day simple moving average of $435.36 and a two-hundred day simple moving average of $514.44. The stock has a market cap of $2.29 billion, a P/E ratio of 9.02 and a beta of 0.80. Cable One has a 12-month low of $373.37 and a 12-month high of $768.75. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.94.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 earnings per share for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). The business had revenue of $411.82 million during the quarter, compared to analyst estimates of $417.66 million. Cable One had a return on equity of 13.65% and a net margin of 15.94%. On average, analysts forecast that Cable One will post 43.36 earnings per share for the current year.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $11.80 annualized dividend and a yield of 2.89%. Cable One’s dividend payout ratio is presently 26.12%.

Insider Activity at Cable One

In other news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total value of $93,840.00. Following the sale, the insider now owns 1,854 shares in the company, valued at $852,840. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Trading of Cable One

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Cable One by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock valued at $245,826,000 after purchasing an additional 2,681 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its stake in shares of Cable One by 1.7% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 279,010 shares of the company’s stock worth $171,770,000 after buying an additional 4,689 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Cable One by 11.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock worth $149,447,000 after buying an additional 27,635 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Cable One by 4.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 161,705 shares of the company’s stock worth $90,003,000 after buying an additional 6,608 shares in the last quarter. Finally, River Road Asset Management LLC lifted its stake in shares of Cable One by 20.4% in the third quarter. River Road Asset Management LLC now owns 111,388 shares of the company’s stock worth $68,575,000 after buying an additional 18,896 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

About Cable One

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.