Cable One, Inc. (NYSE:CABO) Receives Average Recommendation of “Hold” from Analysts

Cable One, Inc. (NYSE:CABO) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $533.33.

Separately, JPMorgan Chase & Co. upped their price objective on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th.

Institutional Investors Weigh In On Cable One

Several institutional investors and hedge funds have recently made changes to their positions in CABO. Vanguard Group Inc. increased its stake in Cable One by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock valued at $245,826,000 after purchasing an additional 2,681 shares in the last quarter. Alaska Permanent Fund Corp bought a new position in Cable One in the first quarter worth approximately $831,000. State of Michigan Retirement System grew its stake in Cable One by 9.4% in the first quarter. State of Michigan Retirement System now owns 1,159 shares of the company’s stock valued at $490,000 after acquiring an additional 100 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Cable One by 3.0% during the first quarter. Principal Financial Group Inc. now owns 57,448 shares of the company’s stock valued at $24,308,000 after acquiring an additional 1,666 shares in the last quarter. Finally, Mission Wealth Management LP raised its position in shares of Cable One by 9.0% during the first quarter. Mission Wealth Management LP now owns 978 shares of the company’s stock worth $414,000 after purchasing an additional 81 shares during the period. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Up 4.1 %

NYSE CABO opened at $356.00 on Wednesday. The business has a fifty day moving average price of $350.98 and a two-hundred day moving average price of $367.72. The stock has a market capitalization of $2.00 billion, a PE ratio of 8.15 and a beta of 0.84. Cable One has a fifty-two week low of $311.28 and a fifty-two week high of $671.62. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a return on equity of 12.04% and a net margin of 15.31%. The business had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. During the same quarter in the prior year, the company earned $10.43 earnings per share. Cable One’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts expect that Cable One will post 30.99 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, August 27th. Cable One’s dividend payout ratio (DPR) is presently 27.02%.

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.