Cable One (NYSE:CABO) Now Covered by StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Cable One (NYSE:CABO – Get Rating) in a report released on Thursday. The firm set a “hold” rating on the stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lowered shares of Cable One from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $850.00 to $680.00 in a report on Tuesday, February 21st. KeyCorp lowered their price target on shares of Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating for the company in a report on Friday, February 24th. Raymond James lowered their price target on shares of Cable One from $1,200.00 to $900.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Cowen lowered their price target on shares of Cable One from $1,050.00 to $950.00 and set a “market perform” rating for the company in a report on Friday, February 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Cable One from $800.00 to $785.00 and set a “neutral” rating for the company in a report on Monday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,105.71.

Cable One Stock Up 3.2 %

NYSE CABO opened at $645.30 on Thursday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a 50-day simple moving average of $745.83 and a 200 day simple moving average of $795.12. Cable One has a twelve month low of $609.85 and a twelve month high of $1,576.49. The stock has a market cap of $3.70 billion, a PE ratio of 17.87 and a beta of 0.83.

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

Insider Buying and Selling at Cable One

In other Cable One news, Director Thomas Sinnickson Gayner acquired 100 shares of Cable One stock in a transaction on Monday, March 6th. The shares were purchased at an average cost of $709.30 per share, with a total value of $70,930.00. Following the completion of the purchase, the director now owns 2,420 shares in the company, valued at $1,716,506. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Cable One

Hedge funds and other institutional investors have recently made changes to their positions in the company. 1832 Asset Management L.P. bought a new position in shares of Cable One during the first quarter worth $58,000. Wipfli Financial Advisors LLC bought a new position in shares of Cable One during the third quarter worth $38,000. Lam Group Inc. bought a new position in shares of Cable One during the fourth quarter worth $36,000. First Horizon Advisors Inc. boosted its position in shares of Cable One by 218.8% during the third quarter. First Horizon Advisors Inc. now owns 51 shares of the company’s stock worth $43,000 after purchasing an additional 35 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Cable One by 39.1% during the fourth quarter. Parallel Advisors LLC now owns 64 shares of the company’s stock worth $46,000 after purchasing an additional 18 shares in the last quarter. 90.08% of the stock is owned by institutional investors.

Cable One Company Profile

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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.