Cable One, Inc. (NYSE:CABO) Given Average Rating of “Hold” by Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have been given an average rating of “Hold” by the six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $533.33.

Separately, JPMorgan Chase & Co. increased their price target on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th.

Institutional Investors Weigh In On Cable One

A number of hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Cable One by 452.4% during the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after buying an additional 95 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Cable One during the second quarter valued at approximately $45,000. Principal Securities Inc. bought a new stake in shares of Cable One in the 4th quarter valued at approximately $53,000. GAMMA Investing LLC boosted its holdings in shares of Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after purchasing an additional 135 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Cable One during the 2nd quarter valued at approximately $65,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Price Performance

CABO opened at $342.11 on Friday. The firm has a market cap of $1.92 billion, a PE ratio of 7.83 and a beta of 0.84. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.81 and a quick ratio of 1.81. Cable One has a 1 year low of $313.15 and a 1 year high of $671.62. The stock has a 50-day moving average price of $361.59 and a 200-day moving average price of $377.36.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.69%. The business had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. During the same period in the previous year, the company earned $10.43 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. Sell-side analysts predict that Cable One will post 30.99 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 3.45%. The ex-dividend date was Tuesday, August 27th. Cable One’s dividend payout ratio (DPR) is presently 27.02%.

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.