Cable One, Inc. (NYSE:CABO) Receives Consensus Rating of “Hold” from Brokerages

Cable One, Inc. (NYSE:CABO) has earned an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $627.80.

CABO has been the topic of several recent research reports. Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective on the stock in a research note on Tuesday, March 5th. Wells Fargo & Company lowered their price target on Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a report on Friday, April 5th. Finally, KeyCorp reduced their price objective on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th.

Cable One Stock Up 0.2 %

CABO stock opened at $407.69 on Wednesday. Cable One has a fifty-two week low of $373.37 and a fifty-two week high of $768.75. The business’s 50-day moving average is $435.36 and its two-hundred day moving average is $514.44. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 9.02 and a beta of 0.80.

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

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, February 16th. Cable One’s dividend payout ratio is 26.12%.

Insider Buying and Selling

In other news, insider Christopher D. Boone sold 204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the transaction, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cable One

A number of hedge funds have recently bought and sold shares of CABO. Bfsg LLC lifted its position in Cable One by 1,126.0% during the first quarter. Bfsg LLC now owns 613 shares of the company’s stock worth $259,000 after buying an additional 563 shares in the last quarter. Speece Thorson Capital Group Inc. lifted its position in Cable One by 26.3% in the first quarter. Speece Thorson Capital Group Inc. now owns 22,360 shares of the company’s stock valued at $9,461,000 after buying an additional 4,661 shares during the last quarter. Fifth Third Bancorp lifted its position in Cable One by 87.5% in the first quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock valued at $32,000 after buying an additional 35 shares during the last quarter. Raymond James & Associates lifted its position in Cable One by 26.4% in the first quarter. Raymond James & Associates now owns 63,426 shares of the company’s stock valued at $26,837,000 after buying an additional 13,248 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Cable One by 9.4% during the first quarter. State of Michigan Retirement System now owns 1,159 shares of the company’s stock worth $490,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.