Cable One (NYSE:CABO) Stock Price Up 7.6% - Still a Buy?

Cable One, Inc. (NYSE:CABO - Get Free Report) traded up 7.6% on Monday . The stock traded as high as $137.93 and last traded at $138.31. 157,736 shares traded hands during trading, an increase of 12% from the average session volume of 141,138 shares. The stock had previously closed at $128.53.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CABO shares. BNP Paribas Exane raised Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price objective for the company in a research report on Monday, June 16th. BNP Paribas raised Cable One from a "strong sell" rating to a "hold" rating in a research report on Monday, June 16th. Raymond James Financial lowered Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $309.25.

Cable One Trading Up 9.6%

The stock has a market cap of $792.82 million, a PE ratio of 4.29 and a beta of 0.81. The firm has a 50-day simple moving average of $139.47 and a 200-day simple moving average of $228.35. 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 (NYSE:CABO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. The company had revenue of $380.60 million for the quarter, compared to the consensus estimate 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 forecast that Cable One, Inc. will post 32.08 earnings per share for the current year.

Insider Transactions at Cable One

In other Cable One news, Director Mary E. Meduski bought 250 shares of the stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the completion of the acquisition, the director owned 3,599 shares of the company's stock, valued at approximately $532,652. This trade represents a 7.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wallace R. Weitz bought 7,000 shares of the stock in a transaction dated 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 acquisition, the director directly owned 17,140 shares of the company's stock, valued at approximately $2,271,564.20. The trade was a 69.03% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,400 shares of company stock valued at $984,342. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Investment Advisors Inc. grew its holdings in Cable One by 6.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 590 shares of the company's stock worth $214,000 after purchasing an additional 37 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Cable One by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 2,392 shares of the company's stock valued at $636,000 after purchasing an additional 47 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Cable One by 18.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock worth $151,000 after acquiring an additional 65 shares during the period. Spire Wealth Management raised its position in shares of Cable One by 21.3% in the first quarter. Spire Wealth Management now owns 382 shares of the company's stock worth $102,000 after acquiring an additional 67 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Cable One by 201.8% during the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after purchasing an additional 111 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.

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