BidaskClub Lowers Cable One, Inc. (CABO) to Buy
Cable One, Inc. (NYSE:CABO) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.
A number of other equities research analysts have also recently commented on CABO. SunTrust Banks, Inc. started coverage on shares of Cable One in a research report on Tuesday, April 18th. They set a “buy” rating and a $715.00 target price for the company. Zacks Investment Research cut shares of Cable One from a “buy” rating to a “sell” rating in a research report on Wednesday, May 10th. Raymond James Financial, Inc. started coverage on shares of Cable One in a research report on Thursday, June 8th. They set an “outperform” rating and a $785.00 target price for the company. Finally, TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $693.75.
Cable One (NYSE CABO) traded up 1.316% during trading on Friday, hitting $736.195. 12,517 shares of the stock traded hands. Cable One has a 12 month low of $527.75 and a 12 month high of $788.00. The firm has a market cap of $4.21 billion, a PE ratio of 39.531 and a beta of 0.30. The firm has a 50-day moving average price of $736.07 and a 200 day moving average price of $679.26.
Cable One (NYSE:CABO) last posted its earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the Zacks’ consensus estimate of $5.10 by $0.13. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The firm had revenue of $241 million for the quarter, compared to analysts’ expectations of $247.02 million. During the same period in the previous year, the company earned $4.62 EPS. The company’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts forecast that Cable One will post $20.21 EPS for the current fiscal year.
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In related news, major shareholder Donald Graham purchased 8,187 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was acquired at an average price of $742.52 per share, with a total value of $6,079,011.24. Following the completion of the acquisition, the insider now owns 279,733 shares in the company, valued at approximately $207,707,347.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Eric Michael Lardy sold 322 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $725.00, for a total transaction of $233,450.00. Following the completion of the transaction, 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. Insiders have sold 9,022 shares of company stock valued at $6,483,807 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in Cable One by 0.5% in the fourth quarter. FMR LLC now owns 4,098 shares of the company’s stock worth $2,548,000 after buying an additional 20 shares in the last quarter. Teachers Advisors LLC boosted its position in Cable One by 7.1% in the fourth quarter. Teachers Advisors LLC now owns 4,374 shares of the company’s stock worth $2,719,000 after buying an additional 289 shares in the last quarter. Bank of Montreal Can boosted its position in Cable One by 14.0% in the first quarter. Bank of Montreal Can now owns 11,823 shares of the company’s stock worth $7,383,000 after buying an additional 1,454 shares in the last quarter. Capstone Asset Management Co. boosted its position in Cable One by 3.1% in the first quarter. Capstone Asset Management Co. now owns 573 shares of the company’s stock worth $358,000 after buying an additional 17 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in Cable One by 0.7% in the first quarter. Nationwide Fund Advisors now owns 7,831 shares of the company’s stock worth $4,890,000 after buying an additional 51 shares in the last quarter. 74.14% of the stock is owned by institutional investors and hedge funds.
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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