Cable One, Inc. (NYSE:CABO - Get Free Report) fell 4.2% during trading on Wednesday . The company traded as low as $140.68 and last traded at $140.26. 55,796 shares traded hands during trading, a decline of 58% from the average session volume of 131,723 shares. The stock had previously closed at $146.47.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on CABO. Raymond James lowered Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. KeyCorp reissued a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Finally, Wells Fargo & Company lowered their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th.
Read Our Latest Stock Analysis on Cable One
Cable One Stock Performance
The firm has a 50 day moving average of $194.05 and a two-hundred day moving average of $273.45. The stock has a market cap of $743.63 million, a P/E ratio of 3.06 and a beta of 0.82. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.
Cable One (NYSE:CABO - Get Free Report) last announced its 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 return on equity of 10.98% and a net margin of 15.86%. The firm had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. On average, research analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.
Insider Activity at Cable One
In other news, Director Wallace R. Weitz acquired 7,000 shares of Cable One stock in a transaction on Friday, June 13th. The stock was bought at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the transaction, the director now owns 17,140 shares of the company's stock, valued at $2,271,564.20. The trade was a 69.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary E. Meduski acquired 250 shares of Cable One stock in a transaction on Wednesday, June 11th. The stock was purchased at an average price of $148.00 per share, with a total value of $37,000.00. Following the transaction, the director now directly owns 3,599 shares in the company, valued at approximately $532,652. This trade represents a 7.46% increase in their position. The disclosure for this purchase can be found here. 0.90% of the stock is owned by corporate insiders.
Institutional Trading of Cable One
A number of hedge funds have recently modified their holdings of the company. Summit Investment Advisors Inc. lifted its position in shares of Cable One by 6.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 590 shares of the company's stock worth $214,000 after buying an additional 37 shares during the period. Global Retirement Partners LLC lifted its position in shares of Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company's stock worth $124,000 after buying an additional 46 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Cable One by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 2,392 shares of the company's stock worth $636,000 after buying an additional 47 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Cable One by 2.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company's stock worth $974,000 after buying an additional 61 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Cable One by 18.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock worth $151,000 after buying an additional 65 shares during the period. Institutional investors own 89.92% of the company's stock.
About Cable One
(
Get Free Report)
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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