Cable One Inc (CABO) Given Average Recommendation of “Buy” by Brokerages

Shares of Cable One Inc (NYSE:CABO) have earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $789.50.

CABO has been the topic of several research reports. Zacks Investment Research raised Cable One from a “hold” rating to a “strong-buy” rating and set a $787.00 price target on the stock in a research note on Monday, November 13th. JPMorgan Chase & Co. lowered Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. BidaskClub raised Cable One from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $700.00 price target (down previously from $761.00) on shares of Cable One in a research note on Monday, November 13th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $815.00 price target on shares of Cable One in a research note on Friday, November 10th.

In other Cable One news, Chairman Thomas O. Might sold 2,793 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $676.44, for a total value of $1,889,296.92. Following the transaction, the chairman now owns 37,702 shares of the company’s stock, valued at $25,503,140.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas O. Might sold 6,288 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total value of $4,283,385.60. Following the completion of the transaction, the insider now directly owns 37,702 shares in the company, valued at approximately $25,682,602.40. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Cable One by 2.1% in the second quarter. Vanguard Group Inc. now owns 382,886 shares of the company’s stock valued at $272,194,000 after buying an additional 7,843 shares during the period. Renaissance Technologies LLC lifted its stake in Cable One by 92.3% in the second quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock valued at $97,535,000 after buying an additional 65,847 shares during the period. State Street Corp lifted its stake in Cable One by 1.3% in the second quarter. State Street Corp now owns 128,000 shares of the company’s stock valued at $90,989,000 after buying an additional 1,696 shares during the period. Neuberger Berman Group LLC lifted its stake in Cable One by 18.0% in the third quarter. Neuberger Berman Group LLC now owns 81,145 shares of the company’s stock valued at $58,596,000 after buying an additional 12,402 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in Cable One by 6.0% in the third quarter. Macquarie Group Ltd. now owns 76,367 shares of the company’s stock valued at $55,146,000 after buying an additional 4,341 shares during the period. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cable One (NYSE:CABO) opened at $710.70 on Monday. 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 capitalization of $4,071.87, a price-to-earnings ratio of 34.70, a PEG ratio of 9.62 and a beta of 0.20. Cable One has a 1-year low of $564.26 and a 1-year high of $788.00.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The business had revenue of $253.85 million for the quarter, compared to analyst estimates of $255.68 million. During the same quarter in the prior year, the firm posted $3.63 earnings per share. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. research analysts expect that Cable One will post 22.14 EPS for the current fiscal year.

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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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