Cable One (NYSE:CABO) Price Target Cut to $456.00 by Analysts at TD Cowen

Cable One (NYSE:CABO) had its target price lowered by TD Cowen from $650.00 to $456.00 in a report issued on Friday, Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other analysts also recently issued reports about the stock. KeyCorp decreased their target price on shares of Cable One from $900.00 to $881.00 and set an overweight rating for the company in a research report on Thursday, April 4th. Wells Fargo & Company reduced their price target on Cable One from $460.00 to $400.00 and set an underweight rating for the company in a research report on Friday, April 5th. Finally, Moffett Nathanson raised Cable One from a neutral rating to a buy rating and set a $615.00 price objective on the stock in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $590.83.

Cable One Trading Up 6.2 %

Shares of Cable One stock opened at $401.89 on Friday. The business has a fifty day simple moving average of $419.05 and a 200-day simple moving average of $497.13. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 9.20 and a beta of 0.80. Cable One has a fifty-two week low of $369.13 and a fifty-two week high of $749.00. The company has a quick ratio of 1.69, a current ratio of 1.86 and a debt-to-equity ratio of 1.86.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing the consensus estimate of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The business had revenue of $404.30 million for the quarter, compared to the consensus estimate of $408.79 million. During the same quarter last year, the business posted $9.62 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts forecast that Cable One will post 43.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Cable One news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the transaction, the insider now directly owns 1,854 shares of the company’s stock, valued at approximately $852,840. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Cable One by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock valued at $245,826,000 after acquiring an additional 2,681 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Cable One by 11.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock valued at $149,447,000 after purchasing an additional 27,635 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in Cable One by 4.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 161,705 shares of the company’s stock worth $90,003,000 after purchasing an additional 6,608 shares during the period. River Road Asset Management LLC increased its stake in Cable One by 20.4% in the third quarter. River Road Asset Management LLC now owns 111,388 shares of the company’s stock valued at $68,575,000 after acquiring an additional 18,896 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Cable One by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock worth $61,435,000 after purchasing an additional 15,907 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

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.