TD Cowen Trims Cable One (NYSE:CABO) Target Price to $456.00

Cable One (NYSE:CABO) had its price objective trimmed by TD Cowen from $650.00 to $456.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a hold rating on the stock.

CABO has been the topic of several other research reports. Wells Fargo & Company lowered their price target on shares of Cable One from $460.00 to $400.00 and set an underweight rating on the stock in a report on Friday, April 5th. Moffett Nathanson raised shares of Cable One from a neutral rating to a buy rating and set a $615.00 target price for the company in a report on Tuesday, March 5th. Finally, KeyCorp decreased their price target on Cable One from $900.00 to $881.00 and set an overweight rating on the stock in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Cable One presently has a consensus rating of Hold and a consensus target price of $590.83.

Cable One Trading Up 6.2 %

Shares of CABO stock opened at $401.89 on Friday. Cable One has a 1 year low of $369.13 and a 1 year high of $749.00. The firm has a fifty day moving average price of $419.05 and a 200-day moving average price of $497.13. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 9.20 and a beta of 0.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.69.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $8.11 EPS for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a return on equity of 12.76% and a net margin of 15.50%. The company had revenue of $404.30 million during the quarter, compared to analysts’ expectations of $408.79 million. During the same quarter in the previous year, the company earned $9.62 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts predict that Cable One will post 43.36 earnings per share for the current year.

Insider Buying and Selling at Cable One

In other news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the sale, the insider now directly owns 1,854 shares of the company’s stock, valued at approximately $852,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of Cable One

Hedge funds have recently made changes to their positions in the business. Chartwell Investment Partners LLC raised its position in Cable One by 37.8% during the third quarter. Chartwell Investment Partners LLC now owns 4,324 shares of the company’s stock valued at $2,662,000 after purchasing an additional 1,187 shares during the period. DAVENPORT & Co LLC increased its position in Cable One by 8.8% during the fourth quarter. DAVENPORT & Co LLC now owns 29,789 shares of the company’s stock valued at $16,680,000 after acquiring an additional 2,403 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Cable One by 24.8% in the third quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock valued at $95,484,000 after acquiring an additional 30,831 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cable One by 4.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,869 shares of the company’s stock worth $148,289,000 after acquiring an additional 10,521 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in Cable One by 12.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 65,140 shares of the company’s stock valued at $40,103,000 after purchasing an additional 7,444 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.