Cable One (NYSE:CABO) Shares Gap Up to $393.60

Cable One, Inc. (NYSE:CABO - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $393.60, but opened at $406.97. Cable One shares last traded at $409.14, with a volume of 13,819 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CABO shares. KeyCorp decreased their price target on Cable One from $900.00 to $881.00 and set an "overweight" rating for the company in a research note on Thursday, April 4th. Moffett Nathanson upgraded shares of Cable One from a "neutral" rating to a "buy" rating and set a $615.00 target price for the company in a research note on Tuesday, March 5th. Finally, Wells Fargo & Company dropped their target price on shares of Cable One from $460.00 to $400.00 and set an "underweight" rating on the stock in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $627.80.

Cable One Stock Performance

The firm has a 50 day moving average price of $439.41 and a 200-day moving average price of $518.60. The stock has a market capitalization of $2.24 billion, a PE ratio of 8.82 and a beta of 0.80. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94.

Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing the consensus estimate of $12.86 by ($2.20). The business had revenue of $411.82 million for the quarter, compared to analyst estimates of $417.66 million. Cable One had a net margin of 15.94% and a return on equity of 13.65%. Research analysts expect that Cable One, Inc. will post 43.36 EPS for the current fiscal year.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, February 16th. Cable One's dividend payout ratio is currently 26.12%.

Insider Activity

In other news, insider Christopher D. Boone sold 204 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total transaction of $93,840.00. Following the sale, the insider now owns 1,854 shares of the company's stock, valued at approximately $852,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company's stock.

Institutional Trading of Cable One

Several institutional investors have recently bought and sold shares of CABO. Bfsg LLC acquired a new stake in Cable One in the 4th quarter worth about $28,000. Spire Wealth Management acquired a new stake in shares of Cable One in the fourth quarter worth approximately $46,000. KBC Group NV boosted its stake in shares of Cable One by 987.5% in the fourth quarter. KBC Group NV now owns 87 shares of the company's stock worth $49,000 after acquiring an additional 79 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Cable One during the fourth quarter worth approximately $53,000. Finally, 1832 Asset Management L.P. acquired a new position in Cable One in the 1st quarter valued at $58,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.