Cable One Inc (CABO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Cable One Inc (NYSE:CABO) have received a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $789.50.

A number of research analysts recently issued reports on the company. Wells Fargo & Co reiterated a “market perform” rating and set a $741.00 price objective (up from $700.00) on shares of Cable One in a report on Thursday. Zacks Investment Research upgraded Cable One from a “hold” rating to a “strong-buy” rating and set a $787.00 price objective for the company in a report on Monday, November 13th. JPMorgan Chase & Co. downgraded Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. SunTrust Banks reiterated a “buy” rating and set a $815.00 price objective on shares of Cable One in a report on Friday, November 10th. Finally, BidaskClub downgraded Cable One from a “buy” rating to a “hold” rating in a report on Monday, October 23rd.

Shares of Cable One (CABO) opened at $710.70 on Monday. The company has a market capitalization of $4,071.87, a PE ratio of 34.70, a PEG ratio of 9.62 and a beta of 0.20. 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 has a 1 year low of $564.26 and a 1 year high of $788.00.

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

In other Cable One 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 value of $4,283,385.60. Following the completion of the transaction, the insider now directly owns 37,702 shares in the company, valued at $25,682,602.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Thomas O. Might sold 2,793 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $676.44, for a total value of $1,889,296.92. Following the completion of the transaction, the chairman now owns 37,702 shares of the company’s stock, valued at $25,503,140.88. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake 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 in the last quarter. Mutual of America Capital Management LLC grew its stake in Cable One by 1.0% in the second quarter. Mutual of America Capital Management LLC now owns 3,757 shares of the company’s stock valued at $2,671,000 after purchasing an additional 37 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Cable One by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 2,260 shares of the company’s stock valued at $1,607,000 after purchasing an additional 42 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Cable One by 7.7% in the second quarter. Cubist Systematic Strategies LLC now owns 754 shares of the company’s stock valued at $536,000 after purchasing an additional 54 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in Cable One by 8.0% in the second quarter. Thrivent Financial For Lutherans now owns 950 shares of the company’s stock valued at $675,000 after purchasing an additional 70 shares in the last quarter. 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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