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

Cable One, Inc. (NYSE:CABO - Get Free Report) has been given an average rating of "Reduce" by the six analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $309.25.

Several equities research analysts have recently commented on CABO shares. BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 target price for the company in a research report on Monday, June 16th. BNP Paribas raised shares of Cable One from a "strong sell" rating to a "hold" rating in a research report on Monday, June 16th. JPMorgan Chase & Co. lowered their price target on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. KeyCorp reissued a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. Finally, Raymond James Financial cut shares of Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd.

Cable One Trading Up 1.5%

Shares of NYSE:CABO traded up $1.95 on Wednesday, hitting $128.00. The company had a trading volume of 281,354 shares, compared to its average volume of 137,745. The firm's 50-day simple moving average is $180.92 and its two-hundred day simple moving average is $263.41. Cable One has a 1 year low of $125.35 and a 1 year high of $437.00. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $720.62 million, a price-to-earnings ratio of -50.99 and a beta of 0.82.

Cable One (NYSE:CABO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping the consensus estimate of $12.21 by $0.11. Cable One had a negative net margin of 0.69% and a positive return on equity of 9.38%. The firm had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. Equities analysts anticipate that Cable One will post 32.08 earnings per share for the current fiscal year.

Insider Activity at Cable One

In other news, Director Mary E. Meduski bought 250 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of $148.00 per share, for a total transaction of $37,000.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wallace R. Weitz bought 7,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the purchase, the director now owns 17,140 shares of the company's stock, valued at approximately $2,271,564.20. This represents a 69.03% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 7,400 shares of company stock valued at $984,342 in the last three months. Company insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CABO. Canada Pension Plan Investment Board lifted its stake in shares of Cable One by 57.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company's stock worth $85,923,000 after buying an additional 117,389 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in shares of Cable One by 34.2% in the first quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company's stock worth $94,931,000 after buying an additional 90,934 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Cable One by 27.2% in the first quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company's stock worth $106,947,000 after buying an additional 86,019 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Cable One in the fourth quarter worth approximately $28,129,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Cable One by 14,346.4% in the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company's stock worth $15,895,000 after buying an additional 59,394 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

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.