Shares of Cable One Inc (NYSE:CABO) have received a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $838.00.
Several research firms have issued reports on CABO. Zacks Investment Research cut shares of Cable One from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 15th. ValuEngine cut shares of Cable One from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. B. Riley set a $860.00 price objective on shares of Cable One and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, Raymond James cut shares of Cable One from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 19th.
In other news, Director Katharine Weymouth sold 254 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $834.30, for a total value of $211,912.20. Following the completion of the sale, the director now owns 255 shares of the company’s stock, valued at approximately $212,746.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of Cable One by 1.5% in the 2nd quarter. Renaissance Technologies LLC now owns 199,600 shares of the company’s stock worth $146,365,000 after purchasing an additional 2,900 shares during the period. Macquarie Group Ltd. lifted its position in shares of Cable One by 1.0% in the 2nd quarter. Macquarie Group Ltd. now owns 93,793 shares of the company’s stock worth $68,777,000 after purchasing an additional 888 shares during the period. Dimensional Fund Advisors LP lifted its position in Cable One by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 76,719 shares of the company’s stock valued at $56,259,000 after acquiring an additional 4,588 shares during the last quarter. FMR LLC lifted its position in Cable One by 6,904.6% during the second quarter. FMR LLC now owns 35,093 shares of the company’s stock valued at $25,733,000 after acquiring an additional 34,592 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Cable One by 9.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,728 shares of the company’s stock valued at $22,533,000 after acquiring an additional 2,536 shares during the last quarter. 78.57% of the stock is owned by hedge funds and other institutional investors.
Cable One stock traded up $0.45 during trading hours on Friday, hitting $899.39. The company had a trading volume of 21,251 shares, compared to its average volume of 38,081. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 41.62 and a beta of 0.26. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.03 and a quick ratio of 2.03. Cable One has a 1 year low of $597.40 and a 1 year high of $909.82.
Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, August 9th. The company reported $7.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.97 by ($0.32). The company had revenue of $268.40 million during the quarter, compared to analysts’ expectations of $265.76 million. Cable One had a net margin of 24.78% and a return on equity of 22.84%. Cable One’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $4.97 earnings per share. Research analysts expect that Cable One will post 30.68 earnings per share for the current year.
Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.
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