Cable One, Inc. (NYSE:CABO) Receives $279.25 Consensus Target Price from Analysts

Cable One, Inc. (NYSE:CABO) has been given an average rating of “Reduce” by the six ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $279.25.

Several research firms recently issued reports on CABO. Wells Fargo & Company reduced their price target on Cable One from $210.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st. BNP Paribas upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, June 16th. Finally, BNP Paribas Exane upgraded shares of Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price target for the company in a report on Monday, June 16th.

Cable One Price Performance

CABO stock opened at $163.68 on Monday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $921.50 million, a P/E ratio of -1.85 and a beta of 0.81. The firm’s fifty day moving average is $144.05 and its 200 day moving average is $188.89. Cable One has a 52 week low of $117.54 and a 52 week high of $436.99.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, July 31st. The company reported $3.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.23 by ($5.00). The business had revenue of $381.07 million for the quarter, compared to analysts’ expectations of $379.81 million. Cable One had a negative net margin of 32.18% and a positive return on equity of 8.40%. During the same quarter in the previous year, the company earned $10.29 earnings per share. Research analysts predict that Cable One will post 32.08 earnings per share for the current year.

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 7,000 shares of the company’s stock in a transaction on Friday, June 13th. The stock was acquired at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the acquisition, the director owned 17,140 shares in the company, valued at $2,271,564.20. This represents a 69.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mary E. Meduski acquired 250 shares of the business’s stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average price of $148.00 per share, for a total transaction of $37,000.00. Following the completion of the transaction, the director owned 3,599 shares in the company, valued at approximately $532,652. The trade was a 7.46% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,400 shares of company stock valued at $984,342. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CABO. Squarepoint Ops LLC bought a new stake in Cable One in the second quarter valued at $1,816,000. State of Wyoming purchased a new position in shares of Cable One during the second quarter valued at about $50,000. Public Sector Pension Investment Board increased its position in shares of Cable One by 4.3% during the second quarter. Public Sector Pension Investment Board now owns 47,120 shares of the company’s stock valued at $6,399,000 after buying an additional 1,956 shares during the period. FORA Capital LLC bought a new position in Cable One in the second quarter worth about $491,000. Finally, Headlands Technologies LLC purchased a new stake in Cable One in the second quarter worth about $104,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.