Cable One (NYSE:CABO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “

A number of other research analysts also recently commented on CABO. BidaskClub downgraded Cable One from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. SunTrust Banks reiterated a “buy” rating and issued a $815.00 price objective on shares of Cable One in a report on Friday, November 10th. JPMorgan Chase & Co. downgraded Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $700.00 price objective (down previously from $761.00) on shares of Cable One in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Cable One presently has an average rating of “Hold” and an average price target of $789.50.

Cable One (NYSE:CABO) traded down $12.25 on Tuesday, hitting $708.98. The stock had a trading volume of 31,795 shares, compared to its average volume of 32,200. Cable One has a fifty-two week low of $566.10 and a fifty-two week high of $788.00. The stock has a market cap of $4,060.00 and a P/E ratio of 34.62. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21.

Cable One (NYSE:CABO) last released its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The business had revenue of $253.85 million for the quarter, compared to the consensus estimate of $255.68 million. During the same quarter in the prior year, the business posted $3.63 EPS. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. analysts forecast that Cable One will post 22.14 EPS for the current year.

In related news, insider Thomas O. Might sold 6,288 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $681.20, for a total transaction of $4,283,385.60. Following the transaction, the insider now owns 37,702 shares in the company, valued at approximately $25,682,602.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Thomas O. Might sold 2,793 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $676.44, for a total value of $1,889,296.92. Following the transaction, the chairman now owns 37,702 shares in the company, valued at approximately $25,503,140.88. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CABO. Schwab Charles Investment Management Inc. grew its stake in Cable One by 16.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,314 shares of the company’s stock worth $13,020,000 after buying an additional 2,523 shares during the last quarter. Legal & General Group Plc lifted its position in Cable One by 23.4% during the 2nd quarter. Legal & General Group Plc now owns 3,705 shares of the company’s stock worth $2,633,000 after acquiring an additional 702 shares during the period. Marshall Wace North America L.P. acquired a new stake in Cable One during the 2nd quarter worth approximately $493,000. Victory Capital Management Inc. lifted its position in Cable One by 28.3% during the 2nd quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock worth $116,000 after acquiring an additional 36 shares during the period. Finally, American Century Companies Inc. acquired a new stake in Cable One during the 2nd quarter worth approximately $1,443,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

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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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