Wells Fargo & Co Reiterates “Market Perform” Rating for Cable One (NYSE:CABO)

Wells Fargo & Co reaffirmed their market perform rating on shares of Cable One (NYSE:CABO) in a research report report published on Thursday, January 4th, The Fly reports. They currently have a $741.00 price objective on the stock, up from their previous price objective of $700.00.

CABO has been the topic of several other reports. BidaskClub upgraded shares of Cable One from a hold rating to a buy rating in a research report on Friday, October 13th. JPMorgan Chase & Co. cut shares of Cable One from a neutral rating to an underweight rating in a research report on Monday, November 13th. SunTrust Banks reiterated a buy rating and set a $815.00 price target on shares of Cable One in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Cable One from a hold rating to a strong-buy rating and set a $787.00 price target on the stock in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $789.50.

Cable One (NYSE CABO) traded down $4.35 during trading hours on Thursday, reaching $714.15. 12,300 shares of the company’s stock were exchanged, compared to its average volume of 33,944. Cable One has a fifty-two week low of $573.60 and a fifty-two week high of $788.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $4,091.64, a P/E ratio of 34.87, a PEG ratio of 9.66 and a beta of 0.20.

Cable One (NYSE:CABO) last released its earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $5.20 by $0.28. The company had revenue of $253.85 million for the quarter, compared to analysts’ expectations of $255.68 million. Cable One had a net margin of 12.95% and a return on equity of 23.97%. Cable One’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 EPS. equities analysts predict that Cable One will post 22.14 earnings per share for the current year.

In related news, insider Thomas O. Might sold 6,288 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total transaction of $4,283,385.60. Following the completion of the sale, the insider now owns 37,702 shares of the company’s stock, valued at $25,682,602.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 directly owns 37,702 shares of the company’s stock, valued at approximately $25,503,140.88. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Cable One by 28.3% in the second quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock worth $116,000 after buying an additional 36 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in shares of Cable One in the third quarter worth $202,000. Virtu KCG Holdings LLC acquired a new stake in shares of Cable One in the second quarter worth $209,000. Sterling Capital Management LLC acquired a new stake in shares of Cable One in the second quarter worth $217,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Cable One in the second quarter worth $235,000. 73.10% of the stock is owned by institutional investors.

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Cable One Company Profile

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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