Press coverage about Cable One (NYSE:CABO) has trended positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cable One earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.7095667136051 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Wells Fargo & Co reissued a “market perform” rating and issued a $741.00 price target (up from $700.00) on shares of Cable One in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $788.00.
Shares of Cable One (NYSE:CABO) traded down $7.73 during midday trading on Wednesday, hitting $706.41. 26,299 shares of the company’s stock were exchanged, compared to its average volume of 39,248. Cable One has a fifty-two week low of $616.06 and a fifty-two week high of $788.00. The company has a market capitalization of $4,166.51, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 8.77 and a beta of 0.23. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.73.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, February 16th. Cable One’s payout ratio is 17.02%.
In other news, Chairman Thomas O. Might sold 2,793 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the sale, the chairman now owns 37,702 shares in the company, valued at $25,503,140.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas O. Might sold 2,823 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $726.54, for a total transaction of $2,051,022.42. Following the completion of the sale, the director now owns 15,140 shares in the company, valued at approximately $10,999,815.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,904 shares of company stock worth $8,223,705. Corporate insiders own 1.30% of the company’s stock.
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About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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