Cable One (NYSE:CABO) Shares Up 2%

Cable One, Inc. (NYSE:CABO)’s stock price was up 2% on Monday . The stock traded as high as $406.24 and last traded at $402.28. Approximately 18,539 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 111,926 shares. The stock had previously closed at $394.25.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. TD Cowen reduced their price objective on shares of Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $544.00.

Cable One Price Performance

The business’s 50 day simple moving average is $363.14 and its 200-day simple moving average is $413.79. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 9.03 and a beta of 0.83. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a return on equity of 11.84% and a net margin of 15.31%. The company had revenue of $394.46 million during the quarter, compared to the consensus estimate of $400.64 million. During the same period last year, the company posted $10.43 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, research analysts forecast that Cable One, Inc. will post 32.21 earnings per share for the current year.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, May 24th. Cable One’s dividend payout ratio is currently 27.02%.

Insider Buying and Selling at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average cost of $369.98 per share, with a total value of $369,980.00. Following the transaction, the director now owns 4,565 shares in the company, valued at approximately $1,688,958.70. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bfsg LLC bought a new position in Cable One during the 4th quarter valued at $28,000. Fifth Third Bancorp lifted its position in shares of Cable One by 87.5% during the first quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after purchasing an additional 95 shares during the last quarter. Spire Wealth Management bought a new stake in Cable One in the 4th quarter worth about $46,000. Finally, Principal Securities Inc. purchased a new position in shares of Cable One in the 4th quarter worth approximately $53,000. 89.92% of the stock is owned by 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.