Cable One (NYSE:CABO) was downgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Monday, November 13th, MarketBeat.com reports.
A number of other research firms also recently issued reports on CABO. Zacks Investment Research upgraded Cable One from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Raymond James Financial raised their price target on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. BidaskClub downgraded Cable One from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, SunTrust Banks restated a “buy” rating and set a $815.00 price target on shares of Cable One in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $705.00.
Cable One (NYSE:CABO) traded up $0.48 on Monday, hitting $703.35. The stock had a trading volume of 10,076 shares, compared to its average volume of 44,427. Cable One has a fifty-two week low of $564.26 and a fifty-two week high of $788.00. The stock has a market cap of $4,029.77, a P/E ratio of 34.34, a P/E/G ratio of 10.59 and a beta of 0.19. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21.
In other news, Chairman Thomas O. Might sold 2,793 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chairman now directly owns 37,702 shares of the company’s stock, valued at approximately $25,503,140.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas O. Might sold 6,288 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 37,702 shares of the company’s stock, valued at $25,682,602.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of CABO. Neuberger Berman Group LLC raised its holdings in Cable One by 5,057.0% during the second quarter. Neuberger Berman Group LLC now owns 68,743 shares of the company’s stock worth $48,869,000 after purchasing an additional 67,410 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Cable One by 92.3% during the second quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock worth $97,535,000 after purchasing an additional 65,847 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Cable One by 312.7% during the third quarter. Janus Henderson Group PLC now owns 69,774 shares of the company’s stock worth $50,385,000 after purchasing an additional 52,867 shares during the last quarter. Citadel Advisors LLC acquired a new position in Cable One during the second quarter worth $33,648,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Cable One by 138.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 60,645 shares of the company’s stock worth $43,112,000 after purchasing an additional 35,230 shares during the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.
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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.
