Cable One (NYSE:CABO) Upgraded by BNP Paribas Exane to Neutral Rating

Cable One (NYSE:CABO - Get Free Report) was upgraded by equities research analysts at BNP Paribas Exane from an "underperform" rating to a "neutral" rating in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage presently has a $125.00 target price on the stock. BNP Paribas Exane's price objective would indicate a potential downside of 5.40% from the company's current price.

Several other brokerages have also recently issued reports on CABO. JPMorgan Chase & Co. dropped their price objective on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. KeyCorp restated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Raymond James downgraded shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Cable One has a consensus rating of "Hold" and a consensus target price of $309.25.

Cable One Stock Performance

Shares of Cable One stock opened at $132.13 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock's fifty day moving average is $194.05 and its two-hundred day moving average is $272.42. Cable One has a 52 week low of $130.08 and a 52 week high of $437.00. The company has a market capitalization of $743.63 million, a PE ratio of 3.06 and a beta of 0.82.

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

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz purchased 7,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the completion of the purchase, the director now owns 17,140 shares of the company's stock, valued at approximately $2,271,564.20. The trade was a 69.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary E. Meduski acquired 250 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were bought at an average price of $148.00 per share, for a total transaction of $37,000.00. Following the acquisition, the director now owns 3,599 shares of the company's stock, valued at approximately $532,652. This represents a 7.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.90% of the company's stock.

Institutional Trading of Cable One

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new stake in shares of Cable One during the fourth quarter worth $215,000. Principal Financial Group Inc. raised its stake in Cable One by 4.9% in the 4th quarter. Principal Financial Group Inc. now owns 28,572 shares of the company's stock worth $10,346,000 after acquiring an additional 1,332 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Cable One by 10.6% during the 4th quarter. Sanctuary Advisors LLC now owns 1,598 shares of the company's stock worth $579,000 after acquiring an additional 153 shares during the period. Mraz Amerine & Associates Inc. lifted its position in Cable One by 8.1% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 5,619 shares of the company's stock worth $2,035,000 after acquiring an additional 420 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in Cable One during the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Company Profile

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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