Cable One, Inc. (NYSE:CABO) Receives $309.25 Consensus Price Target from Analysts

Shares of Cable One, Inc. (NYSE:CABO) have received an average recommendation of “Reduce” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $309.25.

A number of research firms have weighed in on CABO. KeyCorp restated a “sector weight” rating on shares of Cable One in a research note on Friday, May 2nd. BNP Paribas raised Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, June 16th. JPMorgan Chase & Co. reduced their target price on Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Raymond James Financial downgraded Cable One from an “outperform” rating to a “market perform” rating in a report on Friday, May 2nd. Finally, BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 target price for the company in a research report on Monday, June 16th.

Cable One Price Performance

CABO opened at $119.62 on Friday. The firm has a 50-day moving average price of $142.31 and a 200-day moving average price of $234.26. The company has a market capitalization of $673.46 million, a price-to-earnings ratio of -47.66 and a beta of 0.81. Cable One has a twelve month low of $119.05 and a twelve month high of $437.00. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66.

Cable One (NYSE:CABO) last announced its quarterly earnings data 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 firm had revenue of $380.60 million during 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%. Equities analysts expect that Cable One will post 32.08 EPS for the current year.

Insiders Place Their Bets

In other Cable One news, Director Mary E. Meduski purchased 250 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was bought 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 owned 3,599 shares in the company, valued at $532,652. This represents a 7.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wallace R. Weitz bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $132.53 per share, with a total value of $927,710.00. Following the acquisition, the director directly owned 17,140 shares of the company’s stock, valued at approximately $2,271,564.20. This trade represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,400 shares of company stock valued at $984,342 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. boosted its holdings in Cable One by 27.2% in the first quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company’s stock valued at $106,947,000 after purchasing an additional 86,019 shares in the last quarter. Clarkston Capital Partners LLC boosted its stake in Cable One by 34.2% in the first quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company’s stock valued at $94,931,000 after acquiring an additional 90,934 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Cable One by 57.0% during the first quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company’s stock worth $85,923,000 after purchasing an additional 117,389 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cable One by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company’s stock worth $60,386,000 after purchasing an additional 10,211 shares in the last quarter. Finally, Private Management Group Inc. boosted its position in shares of Cable One by 34.3% in the 1st quarter. Private Management Group Inc. now owns 152,567 shares of the company’s stock valued at $40,548,000 after purchasing an additional 38,965 shares during the period. 89.92% of the stock is currently 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.