Insider Buying: Cable One, Inc. (NYSE:CABO) Director Purchases 150 Shares of Stock

Cable One, Inc. (NYSE:CABO - Get Free Report) Director Katharine Weymouth acquired 150 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average cost of $130.88 per share, with a total value of $19,632.00. Following the completion of the purchase, the director now owns 2,294 shares of the company's stock, valued at $300,238.72. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Cable One Stock Down 2.0%

CABO stock traded down $2.60 during midday trading on Thursday, hitting $125.90. The company's stock had a trading volume of 263,206 shares, compared to its average volume of 137,001. The company's fifty day moving average price is $186.37 and its 200 day moving average price is $268.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.36 and a quick ratio of 0.36. Cable One, Inc. has a twelve month low of $125.41 and a twelve month high of $437.00. The stock has a market capitalization of $708.83 million, a P/E ratio of -50.16 and a beta of 0.82.

Cable One (NYSE:CABO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.21 by $0.11. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. The business had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. As a group, equities research analysts predict that Cable One, Inc. will post 32.08 EPS for the current year.

Hedge Funds Weigh In On Cable One

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Cable One during the 1st quarter worth about $30,000. Brooklyn Investment Group raised its stake in Cable One by 5,233.3% in the first quarter. Brooklyn Investment Group now owns 160 shares of the company's stock valued at $43,000 after buying an additional 157 shares during the period. AlphaQuest LLC acquired a new stake in shares of Cable One in the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC boosted its stake in shares of 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 acquiring an additional 201 shares during the period. Finally, Federated Hermes Inc. increased its holdings 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 acquiring an additional 111 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

CABO has been the topic of a number of recent analyst reports. BNP Paribas Exane raised shares of 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. KeyCorp reissued a "sector weight" rating on shares of Cable One in a research note 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. Wells Fargo & Company dropped their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th. Finally, BNP Paribas upgraded shares of Cable One from a "strong sell" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, Cable One currently has an average rating of "Hold" and an average price target of $309.25.

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.