Cable One (NYSE:CABO) Upgraded to “Neutral” at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Cable One (NYSE:CABO) from an underperform rating to a neutral rating in a research report report published on Monday, MarketBeat.com reports. The firm currently has $125.00 target price on the stock.

Several other research firms have also recently weighed in on CABO. JPMorgan Chase & Co. reduced their target price on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company cut their price target on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a report on Friday, February 28th. Raymond James lowered Cable One from an “outperform” rating to a “market perform” rating in a report on Friday, May 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, Cable One currently has a consensus rating of “Hold” and an average price target of $309.25.

Cable One Stock Down 1.5%

Shares of CABO stock opened at $129.89 on Monday. Cable One has a 12 month low of $129.52 and a 12 month high of $437.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a market cap of $731.00 million, a PE ratio of 3.00 and a beta of 0.82. The stock has a 50 day moving average of $191.87 and a 200-day moving average of $270.39.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.21 by $0.11. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The business had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. On average, equities analysts predict that Cable One will post 32.08 EPS for the current year.

Insider Activity at Cable One

In related news, Director Mary E. Meduski acquired 250 shares of the company’s stock in a transaction on Wednesday, June 11th. The stock was purchased at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the completion of the purchase, the director now directly owns 3,599 shares of the company’s stock, valued at $532,652. The trade was a 7.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wallace R. Weitz bought 7,000 shares of Cable One stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the purchase, the director now directly owns 17,140 shares in the company, valued at $2,271,564.20. This represents a 69.03% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,400 shares of company stock valued at $984,342 over the last quarter. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cable One

A number of hedge funds have recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in Cable One during the fourth quarter worth about $215,000. Principal Financial Group Inc. boosted its holdings in shares of Cable One by 4.9% in the 4th quarter. Principal Financial Group Inc. now owns 28,572 shares of the company’s stock worth $10,346,000 after acquiring an additional 1,332 shares in the last quarter. Sanctuary Advisors LLC grew its position in Cable One by 10.6% during the 4th quarter. Sanctuary Advisors LLC now owns 1,598 shares of the company’s stock worth $579,000 after acquiring an additional 153 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in Cable One by 8.1% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 5,619 shares of the company’s stock worth $2,035,000 after acquiring an additional 420 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in Cable One during the 4th quarter valued at $203,000. 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.