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

Cable One, Inc. (NYSE:CABO) has received a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $881.00.

A number of equities analysts have issued reports on CABO shares. Raymond James lowered their target price on Cable One from $900.00 to $825.00 and set an “outperform” rating for the company in a report on Friday, August 4th. StockNews.com began coverage on Cable One in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, KeyCorp reduced their price objective on shares of Cable One from $1,275.00 to $1,175.00 and set an “overweight” rating for the company in a research note on Friday, August 4th.

Institutional Investors Weigh In On Cable One

Several hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in Cable One by 6.3% in the 1st quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock valued at $274,000 after purchasing an additional 11 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Cable One by 4.6% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 343 shares of the company’s stock valued at $241,000 after purchasing an additional 15 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in Cable One by 4.8% in the 2nd quarter. Personal CFO Solutions LLC now owns 327 shares of the company’s stock valued at $215,000 after purchasing an additional 15 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Cable One by 0.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,262 shares of the company’s stock valued at $2,322,000 after purchasing an additional 18 shares during the last quarter. Finally, Mission Wealth Management LP lifted its stake in Cable One by 3.5% in the 1st quarter. Mission Wealth Management LP now owns 564 shares of the company’s stock valued at $396,000 after purchasing an additional 19 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

CABO opened at $623.27 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.11. Cable One has a 12 month low of $602.70 and a 12 month high of $1,037.37. The company has a fifty day simple moving average of $665.92 and a 200 day simple moving average of $668.08. The stock has a market cap of $3.50 billion, a P/E ratio of 36.38 and a beta of 0.86.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, August 3rd. The company reported $10.43 EPS for the quarter, missing analysts’ consensus estimates of $13.27 by ($2.84). Cable One had a net margin of 6.25% and a return on equity of 13.47%. The firm had revenue of $424.02 million during the quarter, compared to the consensus estimate of $422.41 million. On average, research analysts expect that Cable One will post 49.24 EPS for the current year.

Cable One Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th were paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from Cable One’s previous quarterly dividend of $2.85. The ex-dividend date of this dividend was Monday, August 28th. Cable One’s dividend payout ratio is currently 68.89%.

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.