Cable One Inc (NYSE:CABO) insider Thomas O. Might sold 6,288 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $681.20, for a total value of $4,283,385.60. Following the transaction, the insider now owns 37,702 shares of the company’s stock, valued at $25,682,602.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Cable One Inc (NYSE CABO) traded up $12.24 during trading hours on Thursday, reaching $718.50. 25,670 shares of the company were exchanged, compared to its average volume of 36,659. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.34 and a quick ratio of 1.34. Cable One Inc has a 12-month low of $566.10 and a 12-month high of $788.00. The company has a market capitalization of $4,120.00 and a PE ratio of 35.08.
Cable One (NYSE:CABO) last released its quarterly earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.20 by $0.28. The company had revenue of $253.85 million during the quarter, compared to analysts’ expectations of $255.68 million. Cable One had a net margin of 12.95% and a return on equity of 23.97%. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.63 earnings per share. equities analysts anticipate that Cable One Inc will post 22.14 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Cable One by 28.3% during the second quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after buying an additional 36 shares during the last quarter. US Bancorp DE raised its position in shares of Cable One by 19.6% during the second quarter. US Bancorp DE now owns 275 shares of the company’s stock valued at $196,000 after buying an additional 45 shares during the last quarter. Palisade Asset Management LLC acquired a new position in shares of Cable One during the third quarter valued at about $202,000. Virtu KCG Holdings LLC acquired a new position in shares of Cable One during the second quarter valued at about $209,000. Finally, Usca Ria LLC acquired a new position in Cable One in the second quarter worth about $213,000. 73.10% of the stock is owned by institutional investors and hedge funds.
CABO has been the topic of several research reports. Zacks Investment Research raised Cable One from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Wells Fargo & Co reissued a “market perform” rating and set a $741.00 target price (up from $700.00) on shares of Cable One in a research note on Thursday, January 4th. SunTrust Banks reissued a “buy” rating and set a $815.00 target price on shares of Cable One in a research note on Friday, November 10th. Finally, JPMorgan Chase & Co. cut shares of Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $789.50.
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Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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