Shares of Cable One, Inc. (NYSE:CABO) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $646.00.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price on the stock in a research note on Thursday, August 10th. BidaskClub downgraded Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Raymond James Financial, Inc. raised their price target on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, TheStreet raised Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th.

Shares of Cable One (NYSE:CABO) traded up 1.55% during trading on Friday, reaching $731.94. The company’s stock had a trading volume of 36,121 shares. The stock has a market cap of $4.19 billion, a P/E ratio of 39.30 and a beta of 0.27. Cable One has a 12-month low of $559.83 and a 12-month high of $754.00. The stock’s 50-day moving average is $726.82 and its 200-day moving average is $726.82.

Cable One (NYSE:CABO) last released its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing analysts’ consensus estimates of $5.10 by ($0.13). Cable One had a net margin of 12.44% and a return on equity of 22.83%. The business had revenue of $241.00 million for the quarter, compared to the consensus estimate of $247.02 million. During the same period in the previous year, the company earned $4.62 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts anticipate that Cable One will post $20.60 earnings per share for the current fiscal year.

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In related news, COO Michael E. Bowker sold 1,244 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total value of $921,293.96. Following the sale, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kevin P. Coyle sold 450 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $740.91, for a total value of $333,409.50. Following the completion of the sale, the chief financial officer now directly owns 4,440 shares in the company, valued at $3,289,640.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,561 shares of company stock valued at $1,893,119. 1.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in Cable One by 45.2% during the first quarter. Russell Investments Group Ltd. now owns 4,383 shares of the company’s stock valued at $2,737,000 after buying an additional 1,364 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Cable One by 4.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,833 shares of the company’s stock valued at $1,767,000 after buying an additional 132 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Cable One by 16.2% during the 1st quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after buying an additional 32 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Cable One by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 64,317 shares of the company’s stock valued at $40,165,000 after buying an additional 2,036 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Cable One by 4.6% during the 1st quarter. Comerica Bank now owns 3,667 shares of the company’s stock valued at $2,498,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Cable One Company Profile

Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

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