Cable One (NYSE:CABO) Stock Price Up 5.2%

Cable One, Inc. (NYSE:CABOGet Free Report) was up 5.2% during mid-day trading on Monday . The company traded as high as $443.72 and last traded at $443.72. Approximately 28,202 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 84,044 shares. The stock had previously closed at $421.69.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CABO shares. Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective for the company in a research note on Tuesday, March 5th. BNP Paribas started coverage on shares of Cable One in a research note on Monday, December 4th. They issued an “underperform” rating and a $418.00 price objective for the company. KeyCorp reduced their price objective on shares of Cable One from $1,110.00 to $900.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Cable One from $550.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Cable One has an average rating of “Hold” and a consensus target price of $643.60.

Check Out Our Latest Research Report on CABO

Cable One Trading Up 1.0 %

The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69. The stock’s 50-day moving average is $492.73 and its two-hundred day moving average is $549.29. The stock has a market cap of $2.49 billion, a P/E ratio of 9.85 and a beta of 0.81.

Cable One (NYSE:CABOGet Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $10.66 earnings per share for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). Cable One had a return on equity of 13.65% and a net margin of 15.94%. The company had revenue of $411.82 million for the quarter, compared to the consensus estimate of $417.66 million. Equities research analysts anticipate that Cable One, Inc. will post 43.36 EPS for the current year.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $2.95 per share. The ex-dividend date was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 2.65%. Cable One’s dividend payout ratio is 26.12%.

Insider Buying and Selling at Cable One

In other Cable One news, insider Christopher D. Boone sold 204 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the transaction, the insider now owns 1,854 shares in the company, valued at $852,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cable One

Several institutional investors have recently bought and sold shares of CABO. Vanguard Group Inc. raised its stake in shares of Cable One by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock valued at $245,826,000 after acquiring an additional 2,681 shares during the period. Rothschild & Co Wealth Management UK Ltd raised its stake in shares of Cable One by 1.7% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 279,010 shares of the company’s stock valued at $171,770,000 after acquiring an additional 4,689 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Cable One by 11.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock valued at $149,447,000 after acquiring an additional 27,635 shares during the period. Capital International Investors raised its stake in shares of Cable One by 74.9% in the first quarter. Capital International Investors now owns 204,285 shares of the company’s stock valued at $300,489,000 after acquiring an additional 87,503 shares during the period. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Cable One by 4.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 161,705 shares of the company’s stock valued at $90,003,000 after acquiring an additional 6,608 shares during the period. Institutional investors own 98.60% 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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