Cable One, Inc. (NYSE:CABO) Given Consensus Recommendation of “Hold” by Brokerages

Cable One, Inc. (NYSE:CABO) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $533.33.

Separately, JPMorgan Chase & Co. lifted their price objective on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th.

Cable One Trading Up 0.6 %

Shares of NYSE CABO opened at $360.65 on Wednesday. The stock has a market cap of $2.03 billion, a P/E ratio of 8.26 and a beta of 0.84. The firm has a 50 day moving average price of $347.72 and a two-hundred day moving average price of $365.93. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81. Cable One has a 52-week low of $311.28 and a 52-week high of $637.60.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.36 by ($2.20). The company had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. Cable One had a return on equity of 12.04% and a net margin of 15.31%. During the same period in the prior year, the business earned $10.43 earnings per share. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts forecast that Cable One will post 30.99 EPS for the current year.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One’s dividend payout ratio is currently 27.02%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CABO. Jane Street Group LLC boosted its holdings in Cable One by 880.9% during the first quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after purchasing an additional 13,354 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Cable One by 11.0% in the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after acquiring an additional 48,513 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Cable One during the first quarter valued at approximately $8,695,000. Private Management Group Inc. lifted its holdings in Cable One by 70.7% during the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after acquiring an additional 47,082 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in Cable One in the first quarter worth $7,068,000. Institutional investors own 89.92% of the company’s stock.

About Cable One

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 various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.