Cable One (NYSE:CABO) Price Target Cut to $456.00 by Analysts at TD Cowen

Cable One (NYSE:CABO) had its target price trimmed by TD Cowen from $650.00 to $456.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on the company. Moffett Nathanson raised Cable One from a neutral rating to a buy rating and set a $615.00 price objective for the company in a research note on Tuesday, March 5th. Wells Fargo & Company lowered their price target on shares of Cable One from $460.00 to $400.00 and set an underweight rating on the stock in a report on Friday, April 5th. Finally, KeyCorp cut their target price on Cable One from $900.00 to $881.00 and set an overweight rating for the company in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $590.83.

Cable One Trading Down 4.4 %

NYSE CABO traded down $17.53 on Friday, reaching $378.45. The company had a trading volume of 162,639 shares, compared to its average volume of 175,238. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 8.66 and a beta of 0.80. Cable One has a fifty-two week low of $369.13 and a fifty-two week high of $749.00. The business has a 50 day moving average of $419.75 and a two-hundred day moving average of $500.69. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $8.11 EPS for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a return on equity of 12.96% and a net margin of 15.50%. The company had revenue of $404.30 million during the quarter, compared to analyst estimates of $408.79 million. During the same period in the prior year, the firm earned $9.62 earnings per share. Cable One’s revenue was down 4.2% compared to the same quarter last year. Analysts forecast that Cable One will post 43.36 EPS for the current year.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Friday, February 16th. Cable One’s payout ratio is currently 27.02%.

Insiders Place Their Bets

In other Cable One news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the transaction, the insider now owns 1,854 shares in the company, valued at $852,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of Cable One by 5.5% during the third quarter. Raymond James & Associates now owns 43,798 shares of the company’s stock valued at $26,964,000 after buying an additional 2,288 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Cable One by 2.9% during the 3rd quarter. Brown Advisory Inc. now owns 85,534 shares of the company’s stock valued at $52,658,000 after acquiring an additional 2,374 shares during the last quarter. Invesco LLC grew its stake in shares of Cable One by 186.7% in the third quarter. Invesco LLC now owns 952 shares of the company’s stock worth $586,000 after acquiring an additional 620 shares during the period. Park Avenue Securities LLC purchased a new position in shares of Cable One during the third quarter valued at approximately $419,000. Finally, Inspire Investing LLC raised its holdings in shares of Cable One by 5.0% during the third quarter. Inspire Investing LLC now owns 502 shares of the company’s stock valued at $309,000 after purchasing an additional 24 shares during the last quarter. 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.