Cable One (NYSE:CABO) Upgraded at Zacks Investment Research

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Cable One (NYSE:CABO) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, reports.

According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th. Raymond James reiterated a “hold” rating on shares of Cable One in a research report on Thursday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Cable One presently has an average rating of “Hold” and an average target price of $1,849.14.

CABO opened at $1,977.39 on Tuesday. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $11.91 billion, a PE ratio of 46.03 and a beta of 0.53. Cable One has a 1-year low of $1,031.39 and a 1-year high of $2,326.80. The firm has a 50-day moving average price of $2,133.31 and a two-hundred day moving average price of $1,908.45.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, November 5th. The company reported $10.96 earnings per share for the quarter, beating the consensus estimate of $10.70 by $0.26. The firm had revenue of $339.00 million during the quarter, compared to analysts’ expectations of $336.08 million. Cable One had a net margin of 19.26% and a return on equity of 22.90%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company posted $8.68 EPS. On average, research analysts predict that Cable One will post 45.07 EPS for the current year.

In other Cable One news, COO Michael E. Bowker sold 302 shares of Cable One stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $1,793.40, for a total value of $541,606.80. Following the transaction, the chief operating officer now owns 2,857 shares of the company’s stock, valued at $5,123,743.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Eric Michael Lardy sold 892 shares of the business’s stock in a transaction on Friday, November 13th. The stock was sold at an average price of $1,935.00, for a total transaction of $1,726,020.00. Following the completion of the sale, the senior vice president now directly owns 2,273 shares in the company, valued at approximately $4,398,255. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,574 shares of company stock worth $4,970,992. Insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CABO. Manchester Capital Management LLC acquired a new position in Cable One during the third quarter worth $43,000. ELM Advisors LLC acquired a new position in Cable One during the fourth quarter worth $53,000. Cerebellum GP LLC acquired a new position in Cable One during the third quarter worth $68,000. Van ECK Associates Corp increased its holdings in Cable One by 23.3% during the third quarter. Van ECK Associates Corp now owns 37 shares of the company’s stock worth $70,000 after buying an additional 7 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Cable One during the third quarter worth $73,000. Institutional investors and hedge funds own 82.75% of the company’s stock.

About Cable One

Cable One, Inc 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, 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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