Cable One (NYSE:CABO) Raised to Hold at BNP Paribas

Cable One (NYSE:CABO - Get Free Report) was upgraded by stock analysts at BNP Paribas from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on CABO. KeyCorp restated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. 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, BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price objective on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $309.25.

Cable One Trading Down 1.1%

Shares of NYSE:CABO opened at $128.40 on Monday. Cable One has a 52 week low of $127.28 and a 52 week high of $437.00. The company's 50 day moving average is $189.14 and its two-hundred day moving average is $269.41. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.66. The company has a market cap of $722.89 million, a PE ratio of -51.16 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, beating the consensus estimate of $12.21 by $0.11. The firm had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. Equities analysts predict that Cable One will post 32.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Cable One

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

Institutional Investors Weigh In On Cable One

A number of institutional investors have recently added to or reduced their stakes in CABO. Inspire Investing LLC boosted its holdings in Cable One by 17.0% during the first quarter. Inspire Investing LLC now owns 1,297 shares of the company's stock worth $345,000 after buying an additional 188 shares in the last quarter. Bayforest Capital Ltd grew its position in Cable One by 498.3% during the first quarter. Bayforest Capital Ltd now owns 1,442 shares of the company's stock worth $383,000 after buying an additional 1,201 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Cable One by 16.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company's stock worth $4,589,000 after acquiring an additional 2,467 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cable One during the 1st quarter worth approximately $372,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cable One by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company's stock worth $893,000 after acquiring an additional 151 shares in the last quarter. Hedge funds and other 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.

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