Cable One (NYSE:CABO) Trading 2% Higher

Cable One, Inc. (NYSE:CABO) rose 2% during mid-day trading on Monday . The company traded as high as $406.24 and last traded at $402.28. Approximately 18,539 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 111,926 shares. The stock had previously closed at $394.25.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CABO shares. JPMorgan Chase & Co. increased their price target on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company reduced their target price on Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. Finally, TD Cowen cut their price target on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cable One presently has an average rating of “Hold” and an average price target of $533.33.

Cable One Trading Down 0.7 %

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $2.22 billion, a P/E ratio of 9.06 and a beta of 0.83. The firm’s 50-day moving average price is $365.65 and its 200 day moving average price is $412.00.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.36 by ($2.20). The company had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. Cable One had a return on equity of 11.84% and a net margin of 15.31%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $10.43 EPS. As a group, equities research analysts predict that Cable One, Inc. will post 32.21 earnings per share for the current year.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were issued a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a yield of 2.98%. Cable One’s dividend payout ratio (DPR) is currently 27.02%.

Insider Activity

In other news, Director Wallace R. Weitz acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average price of $369.98 per share, for a total transaction of $369,980.00. Following the completion of the purchase, the director now owns 4,565 shares in the company, valued at $1,688,958.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Institutional Trading of Cable One

Several hedge funds and other institutional investors have recently modified their holdings of CABO. Vanguard Group Inc. increased its holdings in Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after acquiring an additional 48,513 shares during the period. Nordea Investment Management AB purchased a new stake in Cable One in the first quarter worth approximately $8,695,000. Norges Bank bought a new position in Cable One during the fourth quarter valued at approximately $35,195,000. Jump Financial LLC raised its position in Cable One by 115.3% in the 4th quarter. Jump Financial LLC now owns 3,972 shares of the company’s stock worth $2,211,000 after purchasing an additional 2,127 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Cable One in the first quarter worth about $7,068,000. Institutional investors own 89.92% of the company’s stock.

Cable One Company Profile

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.