Analysts Set Cable One, Inc. (NYSE:CABO) PT at $309.25

Shares of Cable One, Inc. (NYSE:CABOGet Free Report) have received a consensus recommendation of “Reduce” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $309.25.

A number of brokerages have commented on CABO. BNP Paribas Exane upgraded shares of Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price target for the company in a research note on Monday, June 16th. JPMorgan Chase & Co. lowered their price target on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. KeyCorp reissued a “sector weight” rating on shares of Cable One in a report on Friday, May 2nd. Raymond James Financial lowered shares of Cable One from an “outperform” rating to a “market perform” rating in a report on Friday, May 2nd. Finally, BNP Paribas raised shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, June 16th.

Check Out Our Latest Research Report on CABO

Cable One Stock Up 1.5%

CABO stock opened at $128.00 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.36 and a quick ratio of 0.36. Cable One has a 52-week low of $125.35 and a 52-week high of $437.00. The company has a 50-day moving average of $180.92 and a two-hundred day moving average of $264.42. The stock has a market capitalization of $720.62 million, a price-to-earnings ratio of -50.99 and a beta of 0.82.

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

Insider Transactions at Cable One

In other Cable One news, Director Mary E. Meduski purchased 250 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were purchased at an average cost of $148.00 per share, with a total value of $37,000.00. Following the transaction, the director now directly owns 3,599 shares of the company’s stock, valued at $532,652. This represents a 7.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wallace R. Weitz purchased 7,000 shares of the business’s stock in a transaction on Friday, June 13th. The shares were acquired at an average cost of $132.53 per share, for a total transaction of $927,710.00. Following the completion of the transaction, the director now directly owns 17,140 shares in the company, valued at approximately $2,271,564.20. This represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 7,400 shares of company stock valued at $984,342 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in shares of Cable One during the 1st quarter worth approximately $30,000. AlphaQuest LLC bought a new position in Cable One in the 4th quarter valued at approximately $49,000. Brooklyn Investment Group lifted its stake in Cable One by 5,233.3% in the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock valued at $60,000 after acquiring an additional 111 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Cable One by 1,435.7% during the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company’s stock valued at $58,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Company Profile

(Get Free Report

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.

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Analyst Recommendations for Cable One (NYSE:CABO)

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