Cable One (NYSE:CABO) Shares Gap Up to $1,704.70

Cable One, Inc. (NYSE:CABO) shares gapped up before the market opened on Monday . The stock had previously closed at $1,704.70, but opened at $1,769.00. Cable One shares last traded at $1,767.15, with a volume of 39 shares trading hands.

CABO has been the topic of several recent analyst reports. Truist Securities raised Cable One from a “hold” rating to a “buy” rating and set a $2,100.00 target price on the stock in a research note on Monday, March 15th. Zacks Investment Research cut Cable One from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James upgraded Cable One from a “market perform” rating to an “outperform” rating and set a $2,025.00 price target for the company in a report on Monday, March 15th. KeyCorp raised their price target on Cable One from $2,280.00 to $2,671.00 and gave the company an “overweight” rating in a report on Friday, January 15th. Finally, Truist raised Cable One from a “hold” rating to a “buy” rating and set a $2,100.00 price target for the company in a research note on Monday, March 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Cable One presently has an average rating of “Hold” and an average target price of $2,017.30.

The stock has a fifty day moving average of $1,799.02 and a 200-day moving average of $1,953.00. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 1.22. The stock has a market cap of $10.50 billion, a PE ratio of 40.49 and a beta of 0.53.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, May 6th. The company reported $11.19 earnings per share for the quarter, topping analysts’ consensus estimates of $10.22 by $0.97. The firm had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $337.61 million. Cable One had a net margin of 19.26% and a return on equity of 22.90%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $12.05 EPS. Equities research analysts forecast that Cable One, Inc. will post 45.07 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of CABO. Principal Financial Group Inc. increased its holdings in shares of Cable One by 355.5% during the 4th quarter. Principal Financial Group Inc. now owns 110,519 shares of the company’s stock valued at $246,205,000 after acquiring an additional 86,256 shares during the last quarter. BlackRock Inc. grew its stake in shares of Cable One by 9.6% in the first quarter. BlackRock Inc. now owns 689,336 shares of the company’s stock worth $1,260,353,000 after acquiring an additional 60,115 shares during the last quarter. Norges Bank bought a new position in shares of Cable One during the fourth quarter valued at $111,123,000. Gardner Russo & Gardner LLC raised its stake in shares of Cable One by 20,879.8% during the 4th quarter. Gardner Russo & Gardner LLC now owns 35,246 shares of the company’s stock worth $78,519,000 after purchasing an additional 35,078 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Cable One by 3.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 757,200 shares of the company’s stock valued at $1,686,830,000 after buying an additional 23,934 shares in the last quarter. Institutional investors and hedge funds own 82.75% of the company’s stock.

Cable One Company Profile (NYSE:CABO)

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 residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.

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