Cable One (NYSE:CABO) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Cable One (NYSE:CABO) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Wells Fargo & Company decreased their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research report on Friday, February 28th. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price objective on the stock in a research report on Monday. Raymond James Financial downgraded Cable One from an “outperform” rating to a “market perform” rating in a research report on Friday, May 2nd. KeyCorp reiterated a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Cable One from $325.00 to $222.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, Cable One presently has a consensus rating of “Hold” and a consensus price target of $309.25.

Cable One Stock Performance

NYSE CABO opened at $125.90 on Monday. The company has a market cap of $708.83 million, a PE ratio of -50.16 and a beta of 0.82. The stock’s 50 day simple moving average is $186.37 and its 200-day simple moving average is $268.42. Cable One has a 1-year low of $125.41 and a 1-year high of $437.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.36 and a quick ratio of 0.36.

Cable One (NYSE:CABO) last released its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share for the quarter, beating the consensus estimate of $12.21 by $0.11. The business had revenue of $380.60 million for the quarter, compared to the consensus estimate of $386.61 million. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. As a group, equities research analysts anticipate that Cable One will post 32.08 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Cable One

A number of institutional investors have recently modified their holdings of CABO. Empowered Funds LLC acquired a new stake in shares of Cable One in the fourth quarter valued at $215,000. Principal Financial Group Inc. grew its stake in shares of Cable One by 4.9% in the fourth quarter. Principal Financial Group Inc. now owns 28,572 shares of the company’s stock valued at $10,346,000 after buying an additional 1,332 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Cable One by 10.6% in the fourth quarter. Sanctuary Advisors LLC now owns 1,598 shares of the company’s stock valued at $579,000 after buying an additional 153 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in Cable One during the 4th quarter worth $203,000. Finally, Global Retirement Partners LLC grew its stake in Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after purchasing an additional 46 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Company Profile

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.