Analysts Set Cable One, Inc. (CABO) PT at $646.00

Cable One, Inc. (NYSE:CABO) has been assigned an average rating of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $646.00.

A number of equities analysts have weighed in on CABO shares. BidaskClub raised Cable One from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. Raymond James Financial, Inc. boosted their target price on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Finally, TheStreet raised Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th.

Cable One (NYSE:CABO) traded up 0.67% on Tuesday, reaching $744.09. 31,040 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $747.36 and its 200 day moving average price is $694.92. The company has a market cap of $4.26 billion, a PE ratio of 39.96 and a beta of 0.31. Cable One has a 12 month low of $538.00 and a 12 month high of $788.00.

Cable One (NYSE:CABO) last issued its earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.10 by $0.13. Cable One had a return on equity of 22.83% and a net margin of 12.44%. The business had revenue of $241 million during the quarter, compared to analysts’ expectations of $247.02 million. During the same period last year, the firm posted $4.62 EPS. Cable One’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts expect that Cable One will post $20.60 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a $1.75 dividend. This is a positive change from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date was Friday, August 11th. This represents a $7.00 dividend on an annualized basis and a yield of 0.94%. Cable One’s payout ratio is 37.57%.

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In other news, major shareholder Donald Graham sold 800 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $713.45, for a total transaction of $570,760.00. Following the completion of the sale, the insider now owns 246,985 shares of the company’s stock, valued at approximately $176,211,448.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eric Michael Lardy sold 322 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $725.00, for a total transaction of $233,450.00. Following the sale, the senior vice president now directly owns 2,542 shares of the company’s stock, valued at approximately $1,842,950. The disclosure for this sale can be found here. In the last three months, insiders sold 9,039 shares of company stock valued at $6,510,090. 1.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in shares of Cable One by 1.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,260 shares of the company’s stock valued at $1,607,000 after purchasing an additional 42 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Cable One during the 2nd quarter valued at about $217,000. The Manufacturers Life Insurance Company increased its position in shares of Cable One by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,916 shares of the company’s stock valued at $4,917,000 after purchasing an additional 116 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Cable One by 7.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 754 shares of the company’s stock valued at $536,000 after purchasing an additional 54 shares during the last quarter. Finally, State Street Corp increased its position in shares of Cable One by 1.3% during the 2nd quarter. State Street Corp now owns 128,000 shares of the company’s stock valued at $90,989,000 after purchasing an additional 1,696 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

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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