Cable One, Inc. (CABO) Upgraded to Buy by BidaskClub
Cable One, Inc. (NYSE:CABO) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other analysts have also weighed in on CABO. Zacks Investment Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. Raymond James Financial, Inc. raised their price objective on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Cable One has a consensus rating of “Hold” and a consensus price target of $693.75.
Shares of Cable One (NYSE:CABO) traded up 0.95% during midday trading on Friday, hitting $758.36. 16,245 shares of the stock traded hands. The stock has a 50 day moving average of $733.94 and a 200 day moving average of $733.94. Cable One has a 1-year low of $559.83 and a 1-year high of $761.79. The company has a market capitalization of $4.34 billion, a P/E ratio of 40.72 and a beta of 0.27.
Cable One (NYSE:CABO) last released its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the consensus estimate of $5.10 by ($0.13). The business had revenue of $241.00 million during the quarter, compared to analyst estimates of $247.02 million. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the business earned $4.62 earnings per share. Equities research analysts predict that Cable One will post $20.60 earnings per share for the current fiscal year.
In other Cable One news, CEO Julia M. Laulis sold 867 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total value of $638,415.45. Following the completion of the transaction, the chief executive officer now directly owns 7,642 shares in the company, valued at $5,627,186.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Donald Graham bought 24,561 shares of the company’s stock in a transaction on Monday, July 24th. The stock was purchased at an average price of $742.52 per share, with a total value of $18,237,033.72. Following the completion of the transaction, the insider now directly owns 271,546 shares of the company’s stock, valued at approximately $201,628,335.92. The disclosure for this purchase can be found here. Insiders sold 2,561 shares of company stock worth $1,893,119 over the last ninety days. 1.30% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in Cable One by 28.3% in the second quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after purchasing an additional 36 shares during the last quarter. US Bancorp DE raised its position in Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after purchasing an additional 32 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in Cable One in the second quarter valued at about $209,000. Stonebridge Capital Management Inc. bought a new position in Cable One in the second quarter valued at about $213,000. Finally, Usca Ria LLC bought a new position in Cable One in the second quarter valued at about $213,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.
Cable One Company Profile
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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