Cable One Inc (NYSE:CABO) insider Peter N. Witty sold 205 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $1,136.80, for a total transaction of $233,044.00. Following the sale, the insider now directly owns 2,093 shares of the company’s stock, valued at approximately $2,379,322.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CABO stock traded up $13.95 on Friday, reaching $1,231.52. The company had a trading volume of 40,300 shares, compared to its average volume of 53,892. The firm has a market capitalization of $6.95 billion, a PE ratio of 42.81 and a beta of 0.43. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.72 and a quick ratio of 1.72. Cable One Inc has a one year low of $704.60 and a one year high of $1,236.50. The firm has a 50-day simple moving average of $1,163.13.
Cable One (NYSE:CABO) last posted its earnings results on Thursday, May 9th. The company reported $6.78 EPS for the quarter, missing analysts’ consensus estimates of $8.10 by ($1.32). The company had revenue of $278.61 million during the quarter, compared to the consensus estimate of $279.23 million. Cable One had a return on equity of 22.57% and a net margin of 15.01%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $7.08 EPS. On average, sell-side analysts forecast that Cable One Inc will post 31.42 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in shares of Cable One by 0.3% in the first quarter. California State Teachers Retirement System now owns 6,750 shares of the company’s stock valued at $6,624,000 after buying an additional 18 shares during the period. Raymond James & Associates increased its stake in shares of Cable One by 5.2% in the fourth quarter. Raymond James & Associates now owns 504 shares of the company’s stock valued at $413,000 after buying an additional 25 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Cable One by 3.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 739 shares of the company’s stock valued at $606,000 after buying an additional 26 shares during the period. American International Group Inc. increased its stake in shares of Cable One by 0.3% in the fourth quarter. American International Group Inc. now owns 10,128 shares of the company’s stock valued at $8,306,000 after buying an additional 29 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Cable One by 3.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 867 shares of the company’s stock valued at $711,000 after buying an additional 30 shares during the period. 80.21% of the stock is owned by institutional investors.
CABO has been the subject of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $1,316.00 price objective (up previously from $1,210.00) on shares of Cable One in a research report on Thursday, June 27th. Zacks Investment Research cut shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Stephens assumed coverage on shares of Cable One in a report on Wednesday, June 26th. They issued an “equal weight” rating and a $1,200.00 target price for the company. SunTrust Banks set a $37.00 target price on shares of Yelp and gave the stock a “hold” rating in a report on Friday, May 10th. Finally, B. Riley increased their target price on shares of Dycom Industries from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $1,191.00.
About Cable One
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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