Cable One (NYSE:CABO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cable One (NYSE:CABO – Get Rating) in a research report sent to investors on Thursday. The firm issued a hold rating on the stock.

A number of other equities research analysts have also recently commented on the company. Wells Fargo & Company cut Cable One from an equal weight rating to an underweight rating and decreased their price objective for the stock from $850.00 to $680.00 in a research note on Tuesday, February 21st. Cowen decreased their target price on Cable One from $1,050.00 to $950.00 and set a market perform rating for the company in a research note on Friday, February 24th. KeyCorp decreased their target price on Cable One from $1,300.00 to $1,275.00 and set an overweight rating for the company in a research note on Friday, February 24th. JPMorgan Chase & Co. decreased their target price on Cable One from $800.00 to $785.00 and set a neutral rating for the company in a research note on Monday, February 27th. Finally, Raymond James decreased their target price on Cable One from $1,200.00 to $900.00 and set an outperform rating for the company in a research note on Friday, February 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Cable One presently has a consensus rating of Hold and a consensus price target of $1,105.71.

Cable One Trading Up 3.2 %

CABO stock opened at $645.30 on Thursday. The company has a market cap of $3.70 billion, a P/E ratio of 17.87 and a beta of 0.83. Cable One has a twelve month low of $609.85 and a twelve month high of $1,576.49. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.13. The business has a fifty day moving average of $745.83 and a 200-day moving average of $795.12.

Cable One (NYSE:CABO – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $8.94 EPS for the quarter, missing analysts’ consensus estimates of $12.56 by ($3.62). Cable One had a return on equity of 19.71% and a net margin of 13.72%. The company had revenue of $425.52 million for the quarter, compared to analyst estimates of $422.84 million. As a group, equities research analysts expect that Cable One will post 57.11 EPS for the current year.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 21st were issued a dividend of $2.85 per share. The ex-dividend date was Friday, February 17th. This represents a $11.40 annualized dividend and a yield of 1.77%. Cable One’s payout ratio is presently 31.57%.

Insider Buying and Selling

In related news, Director Thomas Sinnickson Gayner bought 100 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were acquired at an average price of $709.30 per share, for a total transaction of $70,930.00. Following the completion of the acquisition, the director now owns 2,420 shares of the company’s stock, valued at approximately $1,716,506. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Cable One

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in Cable One in the first quarter valued at approximately $214,000. Raymond James Trust N.A. raised its stake in Cable One by 6.3% in the first quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock valued at $274,000 after buying an additional 11 shares during the period. Aviva PLC raised its stake in Cable One by 1,312.1% in the first quarter. Aviva PLC now owns 4,081 shares of the company’s stock valued at $5,976,000 after buying an additional 3,792 shares during the period. Bridgewater Associates LP bought a new stake in Cable One in the first quarter valued at approximately $489,000. Finally, Federated Hermes Inc. raised its stake in Cable One by 19.4% in the first quarter. Federated Hermes Inc. now owns 899 shares of the company’s stock valued at $1,316,000 after buying an additional 146 shares during the period. Institutional investors own 90.08% of the company’s stock.

About Cable One

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Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.