Cable One, Inc. (NYSE:CABO) Receives $533.33 Consensus PT from Brokerages

Cable One, Inc. (NYSE:CABO) has been given an average recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $533.33.

Separately, JPMorgan Chase & Co. raised their price target on Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th.

Cable One Stock Down 0.0 %

NYSE CABO opened at $341.68 on Friday. The stock’s 50 day simple moving average is $362.58 and its 200 day simple moving average is $378.33. Cable One has a one year low of $313.15 and a one year high of $671.62. The firm has a market cap of $1.92 billion, a PE ratio of 7.82 and a beta of 0.84. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing the consensus estimate of $10.36 by ($2.20). The business had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. Cable One had a return on equity of 11.69% and a net margin of 15.31%. Cable One’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.43 EPS. As a group, sell-side analysts forecast that Cable One will post 30.99 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.45%. The ex-dividend date was Tuesday, August 27th. Cable One’s payout ratio is presently 27.02%.

Institutional Trading of Cable One

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Cable One by 11.0% in the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after buying an additional 48,513 shares during the period. Burgundy Asset Management Ltd. lifted its position in Cable One by 42.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock valued at $102,894,000 after acquiring an additional 86,581 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Cable One by 28.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock worth $72,786,000 after purchasing an additional 45,115 shares during the period. Dimensional Fund Advisors LP increased its holdings in Cable One by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock worth $47,788,000 after purchasing an additional 8,339 shares in the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Cable One by 70.7% in the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after purchasing an additional 47,082 shares during the period. Institutional investors and hedge funds 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.