Cable One, Inc. (NYSE:CABO) SVP Eric Michael Lardy sold 322 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $725.00, for a total transaction of $233,450.00. Following the completion of the sale, the senior vice president now directly owns 2,542 shares of the company’s stock, valued at approximately $1,842,950. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Cable One, Inc. (CABO) traded down 0.38% during midday trading on Wednesday, hitting $721.34. 7,340 shares of the stock were exchanged. Cable One, Inc. has a 1-year low of $471.24 and a 1-year high of $734.35. The firm has a 50-day moving average of $698.74 and a 200-day moving average of $646.93. The company has a market capitalization of $4.13 billion, a P/E ratio of 39.46 and a beta of 0.28.
Cable One (NYSE:CABO) last posted its earnings results on Thursday, May 4th. The company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.18. Cable One had a net margin of 12.75% and a return on equity of 23.30%. The firm had revenue of $207.43 million during the quarter, compared to analyst estimates of $205.97 million. During the same period last year, the firm posted $4.65 earnings per share. Cable One’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Cable One, Inc. will post $18.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Tuesday, May 16th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, May 12th. Cable One’s payout ratio is 32.82%.
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A number of brokerages have recently issued reports on CABO. Zacks Investment Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Raymond James Financial, Inc. began coverage on shares of Cable One in a research note on Thursday, June 8th. They issued an “outperform” rating and a $785.00 price objective for the company. TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Finally, SunTrust Banks, Inc. began coverage on shares of Cable One in a research note on Tuesday, April 18th. They issued a “buy” rating and a $715.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $655.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of CABO. Russell Investments Group Ltd. purchased a new position in Cable One during the fourth quarter valued at approximately $1,881,000. FMR LLC raised its position in Cable One by 0.5% in the fourth quarter. FMR LLC now owns 4,098 shares of the company’s stock valued at $2,548,000 after buying an additional 20 shares during the last quarter. First Manhattan Co. raised its position in Cable One by 17.1% in the first quarter. First Manhattan Co. now owns 2,318 shares of the company’s stock valued at $1,353,000 after buying an additional 339 shares during the last quarter. Breton Hill Capital Ltd. raised its position in Cable One by 292.9% in the first quarter. Breton Hill Capital Ltd. now owns 1,650 shares of the company’s stock valued at $1,030,000 after buying an additional 1,230 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in Cable One by 1.3% in the fourth quarter. William Blair Investment Management LLC now owns 71,180 shares of the company’s stock valued at $44,255,000 after buying an additional 883 shares during the last quarter. 73.76% of the stock is owned by institutional investors.
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 May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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