Analysts Set Cable One, Inc. (NYSE:CABO) Target Price at $590.83

Cable One, Inc. (NYSE:CABO) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $533.33.

A number of research firms recently weighed in on CABO. Wells Fargo & Company decreased their price target on Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. raised their target price on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, TD Cowen dropped their target price on shares of Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd.

Cable One Stock Up 1.6 %

CABO stock opened at $403.01 on Friday. The firm has a market cap of $2.26 billion, a PE ratio of 9.23 and a beta of 0.83. Cable One has a 12 month low of $318.68 and a 12 month high of $688.04. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50 day simple moving average of $366.21 and a 200 day simple moving average of $411.94.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). The company had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.84%. Cable One’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company posted $10.43 EPS. Equities research analysts forecast that Cable One will post 32.21 earnings per share for the current fiscal year.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were paid a dividend of $2.95 per share. The ex-dividend date was Friday, May 24th. This represents a $11.80 annualized dividend and a yield of 2.93%. Cable One’s dividend payout ratio (DPR) is presently 27.02%.

Insider Activity

In related news, Director Wallace R. Weitz purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average cost of $369.98 per share, for a total transaction of $369,980.00. Following the completion of the acquisition, the director now owns 4,565 shares in the company, valued at approximately $1,688,958.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Cable One

Hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in Cable One by 1,906.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock worth $67,911,000 after purchasing an additional 152,496 shares during the last quarter. Norges Bank bought a new stake in shares of Cable One in the 4th quarter valued at approximately $35,195,000. Private Management Group Inc. increased its holdings in Cable One by 648.3% in the first quarter. Private Management Group Inc. now owns 66,559 shares of the company’s stock worth $28,163,000 after buying an additional 57,664 shares during the last quarter. Vanguard Group Inc. raised its position in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after acquiring an additional 48,513 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in Cable One by 26.2% in the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock valued at $86,353,000 after acquiring an additional 42,376 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

About Cable One

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.