Cable One, Inc. (NYSE:CABO) Receives $279.25 Average Target Price from Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have earned an average rating of “Reduce” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $279.25.

A number of equities research analysts recently weighed in on the company. BNP Paribas Exane raised 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, June 16th. Wells Fargo & Company dropped their price objective on Cable One from $210.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st. Finally, BNP Paribas raised Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, June 16th.

Insider Activity

In other Cable One news, Director Mary E. Meduski purchased 250 shares of the stock in a transaction on Wednesday, June 11th. The stock was acquired at an average price of $148.00 per share, with a total value of $37,000.00. Following the completion of the acquisition, the director owned 3,599 shares in the company, valued at $532,652. The trade was a 7.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wallace R. Weitz purchased 7,000 shares of the stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $132.53 per share, with a total value of $927,710.00. Following the acquisition, the director owned 17,140 shares of the company’s stock, valued at approximately $2,271,564.20. This represents a 69.03% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 7,400 shares of company stock valued at $984,342. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of Cable One in the second quarter worth about $1,816,000. State of Wyoming purchased a new position in shares of Cable One in the second quarter worth about $50,000. Public Sector Pension Investment Board raised its stake in shares of Cable One by 4.3% in the second quarter. Public Sector Pension Investment Board now owns 47,120 shares of the company’s stock worth $6,399,000 after purchasing an additional 1,956 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Cable One in the second quarter worth about $491,000. Finally, Headlands Technologies LLC purchased a new position in shares of Cable One in the second quarter worth about $104,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Performance

Shares of Cable One stock opened at $156.12 on Monday. Cable One has a 12 month low of $117.54 and a 12 month high of $436.99. The stock’s fifty day moving average price is $142.77 and its 200-day moving average price is $190.68. The firm has a market cap of $878.93 million, a P/E ratio of -1.77 and a beta of 0.81. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.16.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, July 31st. The company reported $3.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.23 by ($5.00). Cable One had a negative net margin of 32.18% and a positive return on equity of 8.40%. The company had revenue of $381.07 million for the quarter, compared to the consensus estimate of $379.81 million. During the same period in the previous year, the business earned $10.29 EPS. On average, equities research analysts expect that Cable One will post 32.08 earnings per share for the current fiscal year.

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.