Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) dropped 5.8% during mid-day trading on Friday . The stock traded as low as $124.93 and last traded at $125.05. Approximately 47,639 shares changed hands during trading, a decline of 74% from the average daily volume of 182,651 shares. The stock had previously closed at $132.71.
Analysts Set New Price Targets
CABO has been the topic of several research reports. KeyCorp reissued a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. Raymond James Financial lowered Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. BNP Paribas raised Cable One from a "strong sell" rating to a "hold" rating in a research report on Monday, June 16th. BNP Paribas Exane raised 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. Finally, JPMorgan Chase & Co. lowered their price objective on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, Cable One currently has a consensus rating of "Hold" and an average target price of $309.25.
Get Our Latest Stock Report on Cable One
Cable One Stock Performance
The stock has a market capitalization of $699.25 million, a P/E ratio of -49.48 and a beta of 0.81. The stock has a 50 day moving average of $144.60 and a 200 day moving average of $236.79. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.36 and a current ratio of 0.36.
Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. The firm had revenue of $380.60 million during 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 predict that Cable One, Inc. will post 32.08 EPS for the current year.
Insider Buying and Selling at Cable One
In other Cable One news, Director Wallace R. Weitz purchased 7,000 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was bought at an average price of $132.53 per share, with a total value of $927,710.00. Following the completion of the purchase, the director owned 17,140 shares in the company, valued at $2,271,564.20. This trade represents a 69.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary E. Meduski purchased 250 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of $148.00 per share, with a total value of $37,000.00. Following the purchase, the director owned 3,599 shares of the company's stock, valued at approximately $532,652. This represents a 7.46% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 7,400 shares of company stock valued at $984,342. Company insiders own 0.90% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Cable One during the second quarter valued at about $217,000. Harbor Capital Advisors Inc. boosted its stake in Cable One by 78.3% during the second quarter. Harbor Capital Advisors Inc. now owns 1,692 shares of the company's stock valued at $230,000 after buying an additional 743 shares in the last quarter. Voya Investment Management LLC boosted its stake in Cable One by 22.5% during the first quarter. Voya Investment Management LLC now owns 3,736 shares of the company's stock valued at $993,000 after buying an additional 686 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Cable One by 17.0% during the first quarter. Inspire Investing LLC now owns 1,297 shares of the company's stock valued at $345,000 after purchasing an additional 188 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in shares of Cable One by 498.3% during the first quarter. Bayforest Capital Ltd now owns 1,442 shares of the company's stock valued at $383,000 after purchasing an additional 1,201 shares during the last quarter. Institutional investors own 89.92% of the company's stock.
About Cable One
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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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