Cable One Inc (NYSE:CABO)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $1,031.05 and last traded at $1,027.80, with a volume of 5861 shares traded. The stock had previously closed at $1,016.85.
CABO has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Cable One from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. B. Riley lifted their price objective on Cable One from $990.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. SunTrust Banks reiterated a “hold” rating and issued a $905.00 price objective on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. KeyCorp reiterated an “overweight” rating and issued a $1,115.00 price objective (up from $1,025.00) on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. Finally, Raymond James reiterated a “hold” rating on shares of Cable One in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Cable One presently has an average rating of “Hold” and an average price target of $1,043.75.
The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 35.49 and a beta of 0.49. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.38 and a quick ratio of 2.38.
Cable One (NYSE:CABO) last released its earnings results on Wednesday, February 27th. The company reported $7.34 EPS for the quarter, missing the Zacks’ consensus estimate of $8.04 by ($0.70). The firm had revenue of $269.90 million during the quarter, compared to analysts’ expectations of $270.53 million. Cable One had a net margin of 15.36% and a return on equity of 22.44%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.20 EPS. As a group, equities analysts expect that Cable One Inc will post 34.25 EPS for the current year.
In other news, major shareholder Donald Graham sold 6,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $926.14, for a total value of $6,390,366.00. Following the completion of the transaction, the insider now owns 18,194 shares in the company, valued at approximately $16,850,191.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CABO. Raymond James & Associates raised its stake in Cable One by 5.2% during the fourth quarter. Raymond James & Associates now owns 504 shares of the company’s stock valued at $413,000 after buying an additional 25 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Cable One by 3.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 739 shares of the company’s stock valued at $606,000 after buying an additional 26 shares during the last quarter. American International Group Inc. raised its stake in Cable One by 0.3% during the fourth quarter. American International Group Inc. now owns 10,128 shares of the company’s stock valued at $8,306,000 after buying an additional 29 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Cable One by 3.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 867 shares of the company’s stock valued at $711,000 after buying an additional 30 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cable One by 16.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 263 shares of the company’s stock valued at $216,000 after buying an additional 37 shares during the last quarter. Institutional investors own 79.23% of the company’s stock.
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Cable One Company Profile (NYSE:CABO)
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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