Cable One, Inc. (NYSE:CABO) Receives Average Rating of “Buy” from Analysts
Shares of Cable One, Inc. (NYSE:CABO) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $693.75.
CABO has been the subject of several recent analyst reports. Zacks Investment Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. Raymond James Financial, Inc. upped their price objective on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research report on Wednesday. SunTrust Banks, Inc. initiated coverage on Cable One in a research report on Tuesday, April 18th. They set a “buy” rating and a $715.00 price objective for the company. BidaskClub downgraded Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, TheStreet upgraded Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th.
In other Cable One news, SVP Eric Michael Lardy sold 322 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $725.00, for a total value of $233,450.00. Following the transaction, the senior vice president now owns 2,542 shares in the company, valued at $1,842,950. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Donald Graham sold 4,100 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $716.05, for a total value of $2,935,805.00. Following the completion of the transaction, the insider now owns 246,985 shares in the company, valued at approximately $176,853,609.25. The disclosure for this sale can be found here. In the last three months, insiders sold 9,022 shares of company stock valued at $6,483,807. Insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in Cable One by 0.5% in the fourth quarter. FMR LLC now owns 4,098 shares of the company’s stock worth $2,548,000 after buying an additional 20 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Cable One by 7.1% in the fourth quarter. Teachers Advisors LLC now owns 4,374 shares of the company’s stock worth $2,719,000 after buying an additional 289 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Cable One by 14.0% in the first quarter. Bank of Montreal Can now owns 11,823 shares of the company’s stock worth $7,383,000 after buying an additional 1,454 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Cable One by 3.1% in the first quarter. Capstone Asset Management Co. now owns 573 shares of the company’s stock worth $358,000 after buying an additional 17 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Cable One by 0.7% in the first quarter. Nationwide Fund Advisors now owns 7,831 shares of the company’s stock worth $4,890,000 after buying an additional 51 shares during the last quarter. Institutional investors own 74.14% of the company’s stock.
Cable One (NYSE:CABO) traded up 1.3309% during midday trading on Friday, hitting $736.3005. The stock had a trading volume of 18,801 shares. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 39.5372 and a beta of 0.30. The firm has a 50-day moving average price of $736.07 and a 200-day moving average price of $679.26. Cable One has a 1-year low of $527.75 and a 1-year high of $788.00.
Cable One (NYSE:CABO) last released its earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing analysts’ consensus estimates of $5.10 by $0.13. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The company had revenue of $241 million for the quarter, compared to the consensus estimate of $247.02 million. During the same quarter in the previous year, the company posted $4.62 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts anticipate that Cable One will post $20.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $1.75 dividend. This is a boost from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, August 11th. This represents a $7.00 annualized dividend and a dividend yield of 0.96%. Cable One’s dividend payout ratio is presently 32.21%.
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.
Receive News & Ratings for Cable One Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One Inc. and related companies with MarketBeat.com's FREE daily email newsletter.