BNP Paribas Upgrades Cable One (NYSE:CABO) to "Hold"

Cable One (NYSE:CABO - Get Free Report) was upgraded by equities researchers at BNP Paribas from a "strong sell" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company dropped their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. KeyCorp restated a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target on the stock in a research report on Monday, June 16th. 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 report on Tuesday, May 6th. Finally, Raymond James Financial downgraded Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Cable One has an average rating of "Hold" and a consensus price target of $309.25.

Cable One Trading Up 1.5%

Shares of CABO traded up $1.95 during mid-day trading on Monday, hitting $128.00. 281,354 shares of the company's stock traded hands, compared to its average volume of 137,745. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66. Cable One has a 1 year low of $125.35 and a 1 year high of $437.00. The firm has a market capitalization of $720.62 million, a P/E ratio of -50.99 and a beta of 0.82. The business's 50-day moving average price is $180.92 and its 200-day moving average price is $263.41.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share 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 company had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. As a group, sell-side analysts forecast that Cable One will post 32.08 EPS for the current fiscal year.

Insider Activity

In other Cable One news, Director Mary E. Meduski purchased 250 shares of the stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost 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 $532,652. This trade represents a 7.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Wallace R. Weitz purchased 7,000 shares of the stock in a transaction dated Friday, June 13th. The shares were acquired at an average cost of $132.53 per share, for a total transaction of $927,710.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,400 shares of company stock valued at $984,342 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Cable One

A number of hedge funds have recently bought and sold shares of CABO. Meeder Asset Management Inc. purchased a new stake in Cable One during the first quarter valued at $30,000. Brooklyn Investment Group increased its position in Cable One by 5,233.3% during the first quarter. Brooklyn Investment Group now owns 160 shares of the company's stock valued at $43,000 after acquiring an additional 157 shares during the last quarter. AlphaQuest LLC purchased a new stake in Cable One during the fourth quarter valued at $49,000. Farther Finance Advisors LLC increased its position in Cable One by 1,435.7% during the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock valued at $58,000 after acquiring an additional 201 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after acquiring an additional 111 shares during 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.