Cable One (NYSE:CABO) Shares Gap Up to $393.60

Cable One, Inc. (NYSE:CABO)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $393.60, but opened at $406.97. Cable One shares last traded at $409.14, with a volume of 13,819 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CABO shares. Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective on the stock in a research note on Tuesday, March 5th. KeyCorp reduced their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research note on Friday, April 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Cable One currently has an average rating of “Hold” and an average target price of $627.80.

Cable One Stock Down 0.9 %

The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94. The firm has a market cap of $2.22 billion, a P/E ratio of 8.74 and a beta of 0.80. The stock’s 50-day simple moving average is $437.34 and its 200 day simple moving average is $517.16.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). The firm had revenue of $411.82 million for the quarter, compared to the consensus estimate of $417.66 million. Cable One had a net margin of 15.94% and a return on equity of 13.65%. As a group, research analysts forecast that Cable One, Inc. will post 43.36 EPS for the current fiscal year.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a yield of 2.99%. Cable One’s dividend payout ratio (DPR) is currently 26.12%.

Insider Buying and Selling at Cable One

In other news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total transaction of $93,840.00. Following 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 is available through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Cable One

Institutional investors have recently made changes to their positions in the stock. Chartwell Investment Partners LLC raised its holdings in shares of Cable One by 37.8% during the third quarter. Chartwell Investment Partners LLC now owns 4,324 shares of the company’s stock valued at $2,662,000 after purchasing an additional 1,187 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Cable One by 8.8% during the fourth quarter. DAVENPORT & Co LLC now owns 29,789 shares of the company’s stock valued at $16,680,000 after purchasing an additional 2,403 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Cable One by 24.8% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock worth $95,484,000 after acquiring an additional 30,831 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Cable One by 4.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,869 shares of the company’s stock worth $148,289,000 after acquiring an additional 10,521 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of Cable One by 12.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 65,140 shares of the company’s stock worth $40,103,000 after acquiring an additional 7,444 shares during the last quarter. Institutional investors and hedge funds 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.