Cable One Inc (NYSE:CABO) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $790.33.
CABO has been the subject of a number of analyst reports. BidaskClub lowered Cable One from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Zacks Investment Research raised Cable One from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. SunTrust Banks reaffirmed a “buy” rating and set a $815.00 price objective on shares of Cable One in a research report on Friday, November 10th. JPMorgan Chase & Co. lowered Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $700.00 price objective (down previously from $761.00) on shares of Cable One in a research report on Monday, November 13th.
Cable One (CABO) traded up $12.24 during mid-day trading on Monday, reaching $718.50. The company had a trading volume of 25,670 shares, compared to its average volume of 36,659. Cable One has a one year low of $566.10 and a one year high of $788.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21. The company has a market cap of $4,120.00 and a price-to-earnings ratio of 35.08.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The company had revenue of $253.85 million during the quarter, compared to analyst estimates of $255.68 million. During the same quarter last year, the company earned $3.63 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. equities research analysts predict that Cable One will post 22.14 earnings per share for the current year.
In other Cable One news, insider Thomas O. Might sold 6,288 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $681.20, for a total transaction of $4,283,385.60. Following the sale, the insider now directly owns 37,702 shares in the company, valued at approximately $25,682,602.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Thomas O. Might sold 2,793 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $676.44, for a total value of $1,889,296.92. Following the sale, the chairman now owns 37,702 shares in the company, valued at $25,503,140.88. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. BB&T Corp boosted its stake in Cable One by 23.8% during the 3rd quarter. BB&T Corp now owns 15,452 shares of the company’s stock valued at $11,158,000 after purchasing an additional 2,970 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Cable One by 20.7% in the 2nd quarter. Prudential Financial Inc. now owns 13,134 shares of the company’s stock worth $9,337,000 after buying an additional 2,249 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Cable One by 16.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,314 shares of the company’s stock worth $13,020,000 after buying an additional 2,523 shares during the last quarter. State Street Corp boosted its stake in shares of Cable One by 1.3% in the 2nd quarter. State Street Corp now owns 128,000 shares of the company’s stock worth $90,989,000 after buying an additional 1,696 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in shares of Cable One in the 3rd quarter worth $1,485,000. Institutional investors and hedge funds own 73.10% of the company’s stock.
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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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