Cable One, Inc. (NYSE:CABO) Receives $627.80 Average Target Price from Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have been given an average recommendation of “Hold” by the five ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $627.80.

CABO has been the subject of a number of recent analyst reports. KeyCorp lowered their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Moffett Nathanson upgraded shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective for the company in a research report on Tuesday, March 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Cable One from $460.00 to $400.00 and set an “underweight” rating for the company in a research report on Friday, April 5th.

Insider Buying and Selling

In related news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total value of $93,840.00. Following the completion of the transaction, the insider now directly owns 1,854 shares of the company’s stock, valued at approximately $852,840. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Cable One

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Cable One by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock worth $245,826,000 after buying an additional 2,681 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Cable One by 1.7% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 279,010 shares of the company’s stock worth $171,770,000 after buying an additional 4,689 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Cable One by 11.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock worth $149,447,000 after buying an additional 27,635 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in Cable One by 4.3% in the 4th quarter. Burgundy Asset Management Ltd. now owns 161,705 shares of the company’s stock valued at $90,003,000 after purchasing an additional 6,608 shares during the last quarter. Finally, River Road Asset Management LLC lifted its stake in Cable One by 20.4% in the 3rd quarter. River Road Asset Management LLC now owns 111,388 shares of the company’s stock valued at $68,575,000 after purchasing an additional 18,896 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Stock Performance

Shares of Cable One stock opened at $388.54 on Wednesday. The firm has a fifty day moving average of $429.81 and a two-hundred day moving average of $511.34. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.60 and a beta of 0.80. Cable One has a 52 week low of $373.37 and a 52 week high of $768.75. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.69 and a current ratio of 1.69.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing the consensus estimate of $12.86 by ($2.20). The business had revenue of $411.82 million for the quarter, compared to the consensus estimate of $417.66 million. Cable One had a net margin of 15.94% and a return on equity of 13.65%. As a group, equities research analysts predict that Cable One will post 43.36 EPS for the current year.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, February 16th. Cable One’s payout ratio is presently 26.12%.

About Cable One

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.