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

Shares of Cable One, Inc. (NYSE:CABOGet Free Report) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $590.83.

A number of equities analysts have weighed in on the stock. TD Cowen dropped their target price on shares of Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price for the company in a research note on Tuesday, March 5th. KeyCorp dropped their price target on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, Wells Fargo & Company dropped their price target on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd.

View Our Latest Report on CABO

Cable One Trading Down 1.7 %

Shares of NYSE CABO opened at $356.39 on Thursday. Cable One has a 1-year low of $332.94 and a 1-year high of $749.00. The company has a market cap of $2.00 billion, a PE ratio of 8.16 and a beta of 0.85. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.86. The company has a 50-day moving average of $381.76 and a two-hundred day moving average of $455.92.

Cable One (NYSE:CABOGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a return on equity of 12.76% and a net margin of 15.50%. The company had revenue of $404.30 million during the quarter, compared to the consensus estimate of $408.79 million. During the same period in the prior year, the firm posted $9.62 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. As a group, equities analysts expect that Cable One will post 32.41 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, May 24th. Cable One’s dividend payout ratio (DPR) is 27.02%.

Insider Buying and Selling

In other news, Director Wallace R. Weitz bought 1,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $369.98 per share, with a total value of $369,980.00. Following the completion of the purchase, the director now owns 4,565 shares of the company’s stock, valued at $1,688,958.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cable One

Several large investors have recently bought and sold shares of CABO. Canada Pension Plan Investment Board increased its stake in Cable One by 1,906.2% in the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock valued at $67,911,000 after purchasing an additional 152,496 shares in the last quarter. Norges Bank bought a new stake in Cable One in the fourth quarter valued at approximately $35,195,000. Private Management Group Inc. increased its stake in Cable One by 648.3% in the first quarter. Private Management Group Inc. now owns 66,559 shares of the company’s stock valued at $28,163,000 after purchasing an additional 57,664 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cable One by 11.0% in the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after buying an additional 48,513 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its holdings in shares of Cable One by 26.2% in the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock valued at $86,353,000 after buying an additional 42,376 shares during the period. Institutional investors own 89.92% of the company’s stock.

Cable One Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Cable One (NYSE:CABO)

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