Cable One, Inc. (NYSE:CABO) Director Purchases $19,632.00 in Stock

Cable One, Inc. (NYSE:CABO) Director Katharine Weymouth acquired 150 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $130.88 per share, with a total value of $19,632.00. Following the completion of the purchase, the director now owns 2,294 shares of the company’s stock, valued at approximately $300,238.72. The trade was a 7.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cable One Stock Performance

Shares of CABO opened at $125.90 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $708.83 million, a price-to-earnings ratio of -50.16 and a beta of 0.82. The stock has a 50 day moving average of $186.37 and a 200 day moving average of $268.42. Cable One, Inc. has a 12 month low of $125.41 and a 12 month high of $437.00.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating analysts’ consensus estimates of $12.21 by $0.11. The company had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. As a group, sell-side analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current year.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board grew its holdings in Cable One by 57.0% during the first quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company’s stock valued at $85,923,000 after purchasing an additional 117,389 shares during the period. Clarkston Capital Partners LLC grew its holdings in Cable One by 34.2% during the first quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company’s stock valued at $94,931,000 after purchasing an additional 90,934 shares during the period. Burgundy Asset Management Ltd. grew its holdings in Cable One by 27.2% during the first quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company’s stock valued at $106,947,000 after purchasing an additional 86,019 shares during the period. Raymond James Financial Inc. bought a new position in Cable One during the fourth quarter valued at $28,129,000. Finally, Pacer Advisors Inc. grew its holdings in Cable One by 14,346.4% during the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company’s stock valued at $15,895,000 after purchasing an additional 59,394 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CABO has been the subject of several analyst reports. Raymond James Financial downgraded Cable One from an “outperform” rating to a “market perform” rating in a research note on Friday, May 2nd. BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price objective for the company in a research note on Monday. BNP Paribas raised Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company lowered their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research note on Friday, February 28th. Finally, KeyCorp reissued a “sector weight” rating on shares of Cable One in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $309.25.

Cable One Company Profile

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.