Cable One, Inc. (NYSE:CABO) Given Consensus Recommendation of "Reduce" by Brokerages

Cable One, Inc. (NYSE:CABO - Get Free Report) has received a consensus recommendation of "Reduce" from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $309.25.

A number of equities analysts have recently commented on CABO shares. Wells Fargo & Company cut their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th. BNP Paribas Exane upgraded shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target on the stock in a report on Monday. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Raymond James Financial lowered shares of Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th.

Insiders Place Their Bets

In related news, Director Mary E. Meduski purchased 250 shares of Cable One stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $148.00 per share, with a total value of $37,000.00. Following the purchase, the director now owns 3,599 shares in the company, valued at approximately $532,652. The trade was a 7.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wallace R. Weitz acquired 7,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were acquired at an average price of $132.53 per share, with a total value of $927,710.00. Following the completion of the transaction, the director now directly owns 17,140 shares in the company, valued at approximately $2,271,564.20. This trade represents a 69.03% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 7,400 shares of company stock worth $984,342. Insiders own 0.90% of the company's stock.

Institutional Trading of Cable One

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in shares of Cable One in the 4th quarter valued at approximately $215,000. Principal Financial Group Inc. boosted its position in Cable One by 4.9% during the fourth quarter. Principal Financial Group Inc. now owns 28,572 shares of the company's stock worth $10,346,000 after purchasing an additional 1,332 shares during the period. Sanctuary Advisors LLC grew its holdings in Cable One by 10.6% during the fourth quarter. Sanctuary Advisors LLC now owns 1,598 shares of the company's stock valued at $579,000 after purchasing an additional 153 shares during the last quarter. Mraz Amerine & Associates Inc. raised its position in shares of Cable One by 8.1% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 5,619 shares of the company's stock valued at $2,035,000 after purchasing an additional 420 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Cable One in the fourth quarter valued at approximately $203,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Stock Performance

Shares of CABO opened at $128.40 on Wednesday. Cable One has a 1 year low of $127.28 and a 1 year high of $437.00. The company's 50 day simple moving average is $189.14 and its 200 day simple moving average is $269.41. The company has a market capitalization of $722.89 million, a price-to-earnings ratio of -51.16 and a beta of 0.82. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.36 and a current ratio of 0.36.

Cable One (NYSE:CABO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating the consensus estimate of $12.21 by $0.11. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. The firm had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. On average, sell-side analysts predict that Cable One will post 32.08 EPS for the current year.

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.

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