Cable One, Inc. (NYSE:CABO - Get Free Report) Director Mary E. Meduski bought 250 shares of the stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the purchase, the director now owns 3,599 shares in the company, valued at approximately $532,652. This represents a 7.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Cable One Stock Performance
Shares of NYSE CABO traded up $2.00 during trading hours on Friday, hitting $132.28. 44,714 shares of the company's stock were exchanged, compared to its average volume of 133,044. The stock has a market capitalization of $744.44 million, a price-to-earnings ratio of 3.06 and a beta of 0.82. The company's 50-day moving average price is $196.18 and its 200-day moving average price is $276.44. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. Cable One, Inc. has a 1-year low of $127.04 and a 1-year high of $437.00.
Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.21 by $0.11. The business had revenue of $380.60 million for the quarter, compared to the consensus estimate of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. On average, sell-side analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
CABO has been the subject of several recent research reports. Raymond James cut Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. KeyCorp restated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Wells Fargo & Company decreased their price objective on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th.
Check Out Our Latest Analysis on CABO
Institutional Investors Weigh In On Cable One
Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in Cable One during the first quarter valued at about $30,000. Brooklyn Investment Group raised its stake in shares of Cable One by 5,233.3% in the first quarter. Brooklyn Investment Group now owns 160 shares of the company's stock valued at $43,000 after purchasing an additional 157 shares in the last quarter. AlphaQuest LLC bought a new position in Cable One in the fourth quarter worth $49,000. Farther Finance Advisors LLC boosted its stake in Cable One by 1,435.7% during the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock worth $58,000 after buying an additional 201 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after buying an additional 111 shares in the last quarter. Institutional investors own 89.92% of the company's stock.
About Cable One
(
Get Free Report)
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.
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