Shares of Cable One, Inc. (NYSE:CABO) have been given an average rating of “Hold” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $646.00.

A number of research firms have weighed in on CABO. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $837.00 price objective on the stock in a report on Thursday, August 10th. BidaskClub cut shares of Cable One from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Raymond James Financial, Inc. lifted their target price on shares of Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th.

In related news, major shareholder Donald Graham acquired 8,187 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of $742.52 per share, for a total transaction of $6,079,011.24. Following the transaction, the insider now directly owns 279,733 shares of the company’s stock, valued at approximately $207,707,347.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the transaction, the chief operating officer now owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The disclosure for this sale can be found here. Insiders sold 2,561 shares of company stock valued at $1,893,119 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Blair William & Co. IL raised its position in Cable One by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock worth $736,000 after purchasing an additional 3 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Cable One by 2.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock worth $192,000 after purchasing an additional 8 shares during the last quarter. World Asset Management Inc raised its position in Cable One by 4.3% in the 2nd quarter. World Asset Management Inc now owns 338 shares of the company’s stock worth $240,000 after purchasing an additional 14 shares during the last quarter. Sei Investments Co. raised its position in Cable One by 3.1% in the 2nd quarter. Sei Investments Co. now owns 638 shares of the company’s stock worth $453,000 after purchasing an additional 19 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Cable One by 3.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 594 shares of the company’s stock worth $422,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 70.36% of the company’s stock.

Shares of Cable One (CABO) traded down 0.52% during mid-day trading on Wednesday, hitting $732.78. The stock had a trading volume of 1,047 shares. Cable One has a one year low of $563.46 and a one year high of $788.00. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 39.35 and a beta of 0.27. The firm has a 50 day moving average of $736.61 and a 200 day moving average of $719.32.

Cable One (NYSE:CABO) last released its quarterly earnings data 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). The company had revenue of $241.00 million for the quarter, compared to analyst estimates of $247.02 million. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.62 earnings per share. On average, analysts forecast that Cable One will post $20.96 earnings per share for the current 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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