BNP Paribas Exane Upgrades Cable One (NYSE:CABO) to “Neutral”

Cable One (NYSE:CABO) was upgraded by equities researchers at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a report released on Monday, MarketBeat.com reports. The firm currently has a $125.00 price objective on the stock. BNP Paribas Exane’s price objective would indicate a potential downside of 2.65% from the stock’s current price.

CABO has been the topic of several other research reports. Wells Fargo & Company cut their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. Raymond James Financial downgraded shares of Cable One from an “outperform” rating to a “market perform” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $309.25.

Cable One Stock Down 1.1%

Shares of CABO stock opened at $128.40 on Monday. Cable One has a 12-month low of $127.28 and a 12-month high of $437.00. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66. The firm has a fifty day moving average of $189.14 and a 200-day moving average of $269.41. The company has a market capitalization of $722.89 million, a price-to-earnings ratio of -51.16 and a beta of 0.82.

Cable One (NYSE:CABO) last released its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.21 by $0.11. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. The firm had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $386.61 million. As a group, equities research analysts predict that Cable One will post 32.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz purchased 7,000 shares of the business’s stock in a transaction on Friday, June 13th. The stock was purchased at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the completion of the purchase, the director now directly owns 17,140 shares in the company, valued at $2,271,564.20. The trade was a 69.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary E. Meduski acquired 250 shares of the stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of $148.00 per share, for a total transaction of $37,000.00. Following the completion of the purchase, the director now directly owns 3,599 shares in the company, valued at $532,652. The trade was a 7.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 7,400 shares of company stock valued at $984,342 in the last 90 days. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cable One

A number of institutional investors have recently bought and sold shares of the business. Inspire Investing LLC boosted its stake in shares of Cable One by 17.0% during the 1st quarter. Inspire Investing LLC now owns 1,297 shares of the company’s stock worth $345,000 after acquiring an additional 188 shares during the period. Bayforest Capital Ltd lifted its holdings in Cable One by 498.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,442 shares of the company’s stock valued at $383,000 after purchasing an additional 1,201 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cable One by 16.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company’s stock worth $4,589,000 after purchasing an additional 2,467 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Cable One during the first quarter worth $372,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cable One by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

About Cable One

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.