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

Cable One, Inc. (NYSE:CABOGet Free Report) has received an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $590.83.

Several brokerages recently weighed in on CABO. KeyCorp reduced their target price on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. TD Cowen dropped their price target on shares of Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd.

View Our Latest Stock Analysis on CABO

Cable One Trading Down 0.8 %

NYSE CABO opened at $346.82 on Monday. The firm’s 50-day moving average is $371.65 and its two-hundred day moving average is $439.82. Cable One has a 12 month low of $332.94 and a 12 month high of $749.00. 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 stock has a market capitalization of $1.95 billion, a P/E ratio of 7.94 and a beta of 0.83.

Cable One (NYSE:CABOGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.78 by ($2.67). The business had revenue of $404.30 million for the quarter, compared to analyst estimates of $408.79 million. Cable One had a return on equity of 12.76% and a net margin of 15.50%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $9.62 EPS. On average, sell-side analysts anticipate that Cable One will post 32.41 earnings per share for the current year.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were issued a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, May 24th. Cable One’s dividend payout ratio (DPR) is currently 27.02%.

Insider Buying and Selling at Cable One

In other news, Director Wallace R. Weitz purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average price of $369.98 per share, with a total value of $369,980.00. Following the purchase, the director now directly owns 4,565 shares of the company’s stock, valued at approximately $1,688,958.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Cable One

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bfsg LLC purchased a new stake in Cable One in the 4th quarter valued at about $28,000. Fifth Third Bancorp grew its holdings in Cable One by 87.5% in the 1st quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock valued at $32,000 after buying an additional 35 shares during the period. Spire Wealth Management purchased a new stake in Cable One in the 4th quarter valued at about $46,000. Principal Securities Inc. purchased a new stake in Cable One in the 4th quarter valued at about $53,000. Finally, GAMMA Investing LLC grew its holdings in Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

About Cable One

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Cable One (NYSE:CABO)

Receive News & Ratings for Cable One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One and related companies with MarketBeat.com's FREE daily email newsletter.