Analysts Set Cable One, Inc. (NYSE:CABO) PT at $590.83

Shares of Cable One, Inc. (NYSE:CABO) have received a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $533.33.

CABO has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. TD Cowen cut their price objective on shares of Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Tuesday.

Insider Buying and Selling

In related news, Director Wallace R. Weitz purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average price of $369.98 per share, with a total value of $369,980.00. Following the completion of the transaction, the director now owns 4,565 shares of the company’s stock, valued at approximately $1,688,958.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CABO. Jane Street Group LLC lifted its stake in shares of Cable One by 880.9% in the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock valued at $6,292,000 after purchasing an additional 13,354 shares in the last quarter. Vanguard Group Inc. lifted its position in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after buying an additional 48,513 shares in the last quarter. Nordea Investment Management AB purchased a new stake in Cable One during the first quarter worth approximately $8,695,000. Norges Bank purchased a new stake in Cable One during the fourth quarter worth approximately $35,195,000. Finally, Jump Financial LLC increased its position in shares of Cable One by 115.3% in the fourth quarter. Jump Financial LLC now owns 3,972 shares of the company’s stock worth $2,211,000 after acquiring an additional 2,127 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Up 1.6 %

CABO stock opened at $403.01 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86. The company’s 50 day simple moving average is $366.21 and its 200-day simple moving average is $411.94. Cable One has a 12 month low of $318.68 and a 12 month high of $688.04. The firm has a market capitalization of $2.26 billion, a PE ratio of 9.23 and a beta of 0.83.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.84%. The company had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. During the same period in the previous year, the company posted $10.43 EPS. Cable One’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts expect that Cable One will post 32.21 earnings per share for the current fiscal year.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were issued a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $11.80 annualized dividend and a dividend yield of 2.93%. Cable One’s payout ratio is currently 27.02%.

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.