Cable One (NYSE:CABO) Sees Strong Trading Volume - Still a Buy?

Cable One, Inc. (NYSE:CABO - Get Free Report) saw an uptick in trading volume on Monday . 127,834 shares traded hands during trading, an increase of 9% from the previous session's volume of 117,010 shares.The stock last traded at $159.37 and had previously closed at $152.51.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Raymond James cut shares of Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. Wells Fargo & Company decreased their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, KeyCorp reissued a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd.

Cable One Trading Down 4.1 %

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market cap of $933.40 million, a PE ratio of 3.84 and a beta of 1.00. The firm has a fifty day simple moving average of $249.81 and a two-hundred day simple moving average of $314.89.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. The business had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. As a group, equities analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Insider Activity at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Cable One

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in Cable One by 8.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 94,411 shares of the company's stock valued at $25,092,000 after buying an additional 7,635 shares during the period. Bayforest Capital Ltd lifted its stake in shares of Cable One by 498.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,442 shares of the company's stock valued at $383,000 after acquiring an additional 1,201 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cable One in the 1st quarter valued at about $30,000. Private Management Group Inc. boosted its holdings in Cable One by 34.3% during the 1st quarter. Private Management Group Inc. now owns 152,567 shares of the company's stock valued at $40,548,000 after acquiring an additional 38,965 shares during the period. Finally, Pacer Advisors Inc. grew its position in Cable One by 14,346.4% during the 1st quarter. Pacer Advisors Inc. now owns 59,808 shares of the company's stock worth $15,895,000 after acquiring an additional 59,394 shares during 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.