Cable One (NYSE:CABO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cable One (NYSE:CABO – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

Other research analysts have also recently issued reports about the company. Raymond James dropped their price target on Cable One from $1,200.00 to $900.00 and set an outperform rating for the company in a research note on Friday, February 24th. Cowen dropped their price target on Cable One from $1,050.00 to $950.00 and set a market perform rating for the company in a research note on Friday, February 24th. KeyCorp dropped their price target on Cable One from $1,300.00 to $1,275.00 and set an overweight rating for the company in a research note on Friday, February 24th. JPMorgan Chase & Co. dropped their price target on Cable One from $800.00 to $785.00 and set a neutral rating for the company in a research note on Monday, February 27th. Finally, Wells Fargo & Company lowered Cable One from an equal weight rating to an underweight rating and lowered their target price for the stock from $850.00 to $680.00 in a research report on Tuesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $1,105.71.

Cable One Stock Up 0.4 %

NYSE CABO opened at $653.89 on Thursday. The business has a fifty day moving average price of $743.49 and a two-hundred day moving average price of $788.14. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.42 and a quick ratio of 1.42. Cable One has a fifty-two week low of $609.85 and a fifty-two week high of $1,576.49. The stock has a market capitalization of $3.75 billion, a PE ratio of 18.11 and a beta of 0.83.

Cable One (NYSE:CABO – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported $8.94 earnings per share for the quarter, missing the consensus estimate of $12.56 by ($3.62). Cable One had a return on equity of 19.71% and a net margin of 13.72%. The business had revenue of $425.52 million for the quarter, compared to the consensus estimate of $422.84 million. Equities analysts expect that Cable One will post 57.11 earnings per share for the current fiscal year.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 21st were paid a dividend of $2.85 per share. This represents a $11.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 17th. Cable One’s dividend payout ratio (DPR) is currently 31.57%.

Insider Buying and Selling

In other news, Director Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were acquired at an average cost of $709.30 per share, with a total value of $70,930.00. Following the purchase, the director now owns 2,420 shares in the company, valued at $1,716,506. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Trading of Cable One

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. increased its holdings in Cable One by 6.3% during the 1st quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock worth $274,000 after purchasing an additional 11 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in Cable One by 6.3% during the 2nd quarter. SRS Capital Advisors Inc. now owns 252 shares of the company’s stock worth $325,000 after purchasing an additional 15 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Cable One by 9.9% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 178 shares of the company’s stock worth $229,000 after purchasing an additional 16 shares in the last quarter. CWM LLC increased its holdings in Cable One by 13.2% during the 4th quarter. CWM LLC now owns 137 shares of the company’s stock worth $98,000 after purchasing an additional 16 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Cable One by 39.1% during the 4th quarter. Parallel Advisors LLC now owns 64 shares of the company’s stock worth $46,000 after purchasing an additional 18 shares in the last quarter. 90.08% of the stock is owned by institutional investors.

Cable One Company Profile

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Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.