Cable One Inc (NYSE:CABO) insider Peter N. Witty sold 205 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $1,136.80, for a total value of $233,044.00. Following the completion of the transaction, the insider now owns 2,093 shares in the company, valued at approximately $2,379,322.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE:CABO traded up $10.25 during mid-day trading on Wednesday, hitting $1,162.69. The company had a trading volume of 80,698 shares, compared to its average volume of 52,410. Cable One Inc has a fifty-two week low of $704.60 and a fifty-two week high of $1,192.79. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 40.41 and a beta of 0.43.
Cable One (NYSE:CABO) last released its earnings results on Thursday, May 9th. The company reported $6.78 earnings per share for the quarter, missing the consensus estimate of $8.10 by ($1.32). Cable One had a net margin of 15.01% and a return on equity of 22.57%. The company had revenue of $278.61 million during the quarter, compared to analyst estimates of $279.23 million. During the same period in the previous year, the company posted $7.08 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts predict that Cable One Inc will post 30.74 earnings per share for the current year.
Several research firms have weighed in on CABO. B. Riley reissued a “buy” rating and issued a $1,250.00 target price (up previously from $1,090.00) on shares of Cable One in a research note on Tuesday, June 4th. Zacks Investment Research lowered Cable One from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. SunTrust Banks increased their target price on Cable One to $1,020.00 and gave the company a “hold” rating in a research note on Friday, May 10th. They noted that the move was a valuation call. KeyCorp reissued an “overweight” rating and issued a $1,115.00 target price (up previously from $1,025.00) on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. Finally, Raymond James reissued a “hold” rating on shares of Cable One in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $1,138.50.
A number of large investors have recently added to or reduced their stakes in CABO. Nordea Investment Management AB bought a new position in Cable One in the first quarter valued at approximately $4,924,000. Jacobs Levy Equity Management Inc. grew its stake in Cable One by 206.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,097 shares of the company’s stock valued at $38,369,000 after purchasing an additional 26,347 shares in the last quarter. ClariVest Asset Management LLC bought a new position in Cable One in the first quarter valued at approximately $4,220,000. OppenheimerFunds Inc. grew its stake in Cable One by 50.7% in the first quarter. OppenheimerFunds Inc. now owns 34,611 shares of the company’s stock valued at $33,967,000 after purchasing an additional 11,643 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in Cable One by 1.6% in the first quarter. William Blair Investment Management LLC now owns 95,033 shares of the company’s stock valued at $93,263,000 after purchasing an additional 1,456 shares in the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.
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Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution 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, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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