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

Cable One (NYSE:CABO - Get Free Report) was upgraded by research analysts at BNP Paribas Exane from an "underperform" rating to a "neutral" rating in a note issued to investors on Monday, Marketbeat reports. The brokerage currently has a $125.00 price target on the stock. BNP Paribas Exane's target price suggests a potential downside of 0.72% from the company's current price.

A number of other equities research analysts have also commented on CABO. Raymond James Financial lowered Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. Wells Fargo & Company decreased their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. KeyCorp restated a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Cable One currently has a consensus rating of "Hold" and a consensus target price of $309.25.

Cable One Price Performance

NYSE CABO traded down $2.60 during trading hours on Monday, reaching $125.90. 263,206 shares of the company's stock were exchanged, compared to its average volume of 137,001. The stock has a market cap of $708.83 million, a PE ratio of -50.16 and a beta of 0.82. Cable One has a one year low of $125.41 and a one year high of $437.00. The firm has a fifty day moving average of $186.37 and a 200-day moving average of $268.42. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.66.

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 for the quarter, compared to analyst estimates of $386.61 million. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. On average, equities research analysts predict that Cable One will post 32.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Cable One

In related news, Director Mary E. Meduski purchased 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, with a total value of $37,000.00. Following the purchase, the director now directly owns 3,599 shares in the company, valued at $532,652. This trade represents a 7.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Wallace R. Weitz purchased 7,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of $132.53 per share, for a total transaction of $927,710.00. Following the purchase, the director now owns 17,140 shares in the company, valued at $2,271,564.20. This trade represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 7,400 shares of company stock worth $984,342. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in shares of Cable One in the 1st quarter valued at $30,000. Brooklyn Investment Group lifted its stake in shares of Cable One by 5,233.3% in the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company's stock valued at $43,000 after purchasing an additional 157 shares during the period. AlphaQuest LLC acquired a new stake in Cable One during the 4th quarter worth $49,000. Farther Finance Advisors LLC raised its stake in Cable One by 1,435.7% during the 1st quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock worth $58,000 after buying an additional 201 shares during the period. Finally, Federated Hermes Inc. raised its stake in 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 buying an additional 111 shares during the period. Institutional investors and hedge funds 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.