Shares of Cable One Inc (NYSE:CABO) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $1,339.60.
Several equities research analysts have recently weighed in on the company. ValuEngine lowered Cable One from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. KeyCorp reissued an “overweight” rating and issued a $1,482.00 target price (up from $1,316.00) on shares of Cable One in a report on Wednesday, September 4th. B. Riley raised their target price on Cable One from $1,400.00 to $1,490.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $1,506.00 price target on the stock in a research note on Monday, November 4th.
NYSE CABO opened at $1,530.73 on Monday. Cable One has a twelve month low of $767.15 and a twelve month high of $1,569.74. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.65. The stock has a market cap of $8.74 billion, a P/E ratio of 53.21 and a beta of 0.45. The company’s 50-day simple moving average is $1,424.48 and its 200 day simple moving average is $1,270.12.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Tuesday, November 19th were given a $2.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $9.00 dividend on an annualized basis and a yield of 0.59%. Cable One’s payout ratio is 31.28%.
In other news, Director Katharine Weymouth sold 228 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $1,509.50, for a total value of $344,166.00. Following the transaction, the director now directly owns 337 shares in the company, valued at approximately $508,701.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julia M. Laulis sold 668 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,279.79, for a total value of $854,899.72. Following the completion of the transaction, the chief executive officer now owns 2,896 shares in the company, valued at $3,706,271.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,558 shares of company stock valued at $2,030,088 over the last three months. Company insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Cable One by 0.4% during the 2nd quarter. BlackRock Inc. now owns 431,907 shares of the company’s stock worth $505,760,000 after buying an additional 1,900 shares during the period. Renaissance Technologies LLC increased its stake in shares of Cable One by 8.4% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the company’s stock valued at $326,238,000 after acquiring an additional 21,700 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd bought a new stake in shares of Cable One in the 2nd quarter valued at about $186,967,000. William Blair Investment Management LLC increased its stake in shares of Cable One by 39.7% in the 2nd quarter. William Blair Investment Management LLC now owns 132,761 shares of the company’s stock valued at $155,462,000 after acquiring an additional 37,728 shares during the last quarter. Finally, State Street Corp raised its position in shares of Cable One by 2.2% in the 3rd quarter. State Street Corp now owns 123,138 shares of the company’s stock valued at $154,501,000 after acquiring an additional 2,688 shares during the period. Institutional investors and hedge funds own 81.84% of the company’s stock.
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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