Other equities analysts have also issued reports about the stock. Moffett Nathanson downgraded shares of Cable One from a neutral rating to a sell rating and set a $408.00 target price for the company. in a research note on Wednesday, January 4th. Zacks Investment Research downgraded shares of Cable One from a hold rating to a strong sell rating in a research note on Monday, January 16th.
Cable One (NYSE:CABO) traded down 0.02% during midday trading on Tuesday, reaching $663.00. 1,428 shares of the company traded hands. The firm’s 50 day moving average price is $635.97 and its 200 day moving average price is $612.18. Cable One has a 12 month low of $448.01 and a 12 month high of $669.65. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 38.68 and a beta of 0.32.
Cable One (NYSE:CABO) last released its quarterly earnings results on Tuesday, February 28th. The company reported $4.23 EPS for the quarter, missing the Zacks’ consensus estimate of $4.31 by $0.08. The firm earned $206.73 million during the quarter, compared to analyst estimates of $206.37 million. Cable One had a net margin of 12.33% and a return on equity of 23.31%. Cable One’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.44 earnings per share. On average, analysts expect that Cable One will post $23.30 earnings per share for the current year.
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In related news, Director Katharine Weymouth sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $627.56, for a total transaction of $3,137,800.00. Following the completion of the sale, the director now directly owns 8,159 shares of the company’s stock, valued at $5,120,262.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin P. Coyle sold 497 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $633.94, for a total transaction of $315,068.18. Following the sale, the chief financial officer now directly owns 4,440 shares of the company’s stock, valued at $2,814,693.60. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Several large investors have recently bought and sold shares of CABO. US Bancorp DE increased its stake in Cable One by 2.6% in the third quarter. US Bancorp DE now owns 198 shares of the company’s stock worth $116,000 after buying an additional 5 shares during the period. LS Investment Advisors LLC increased its stake in Cable One by 15.8% in the third quarter. LS Investment Advisors LLC now owns 307 shares of the company’s stock worth $179,000 after buying an additional 42 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Cable One during the fourth quarter worth $187,000. Sphera Funds Management LTD. acquired a new stake in Cable One during the third quarter worth $216,000. Finally, Pacer Advisors Inc. acquired a new stake in Cable One during the third quarter worth $262,000. 69.17% of the stock is owned by institutional investors and hedge funds.
About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of December 31, 2016, the Company provided data, video and voice services in 19 Western, Midwestern and Southern states.
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