Cable One (NYSE:CABO) Stock Rating Upgraded by BNP Paribas

Cable One (NYSE:CABO) was upgraded by research analysts at BNP Paribas from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

CABO has been the topic of a number of other research reports. BNP Paribas Exane upgraded shares of Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price objective on the stock in a research report on Monday. JPMorgan Chase & Co. lowered their price target on Cable One from $325.00 to $222.00 and set a “neutral” rating on the stock in a report on Tuesday, May 6th. Raymond James Financial downgraded Cable One from an “outperform” rating to a “market perform” rating in a research note on Friday, May 2nd. KeyCorp reiterated a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. Finally, Wells Fargo & Company lowered their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Cable One currently has an average rating of “Hold” and an average price target of $309.25.

Cable One Trading Down 1.1%

Shares of NYSE CABO opened at $128.40 on Monday. The company has a market cap of $722.89 million, a PE ratio of -51.16 and a beta of 0.82. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.36 and a current ratio of 0.36. The firm’s 50 day moving average price is $189.14 and its 200-day moving average price is $269.41. Cable One has a 52-week low of $127.28 and a 52-week high of $437.00.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.21 by $0.11. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. The business had revenue of $380.60 million for the quarter, compared to analysts’ expectations of $386.61 million. On average, equities research analysts expect that Cable One will post 32.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mary E. Meduski acquired 250 shares of the stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $148.00 per share, with a total value of $37,000.00. Following the transaction, the director now directly owns 3,599 shares in the company, valued at approximately $532,652. This represents a 7.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Wallace R. Weitz acquired 7,000 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price of $132.53 per share, with a total value of $927,710.00. Following the completion of the purchase, the director now owns 17,140 shares in the company, valued at $2,271,564.20. This trade represents a 69.03% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 7,400 shares of company stock worth $984,342. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Cable One

Several large investors have recently added to or reduced their stakes in CABO. Summit Investment Advisors Inc. boosted its stake in shares of Cable One by 6.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 590 shares of the company’s stock worth $214,000 after acquiring an additional 37 shares during the period. Global Retirement Partners LLC lifted its holdings in Cable One by 15.5% in the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after purchasing an additional 46 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Cable One by 2.0% in the 1st quarter. SummerHaven Investment Management LLC now owns 2,392 shares of the company’s stock worth $636,000 after purchasing an additional 47 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Cable One by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock worth $974,000 after purchasing an additional 61 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Cable One by 18.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock valued at $151,000 after buying an additional 65 shares in the last quarter. Hedge funds and other 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.