Cable One (NYSE:CABO) PT Raised to $480.00

Cable One (NYSE:CABO) had its target price increased by equities researchers at JPMorgan Chase & Co. from $470.00 to $480.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 21.35% from the company’s previous close.

Several other brokerages have also recently weighed in on CABO. TD Cowen reduced their price objective on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Wells Fargo & Company cut their target price on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $533.33.

Cable One Trading Down 0.7 %

CABO opened at $395.55 on Tuesday. The stock has a 50-day moving average of $365.65 and a 200 day moving average of $412.00. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.86. Cable One has a 12 month low of $318.68 and a 12 month high of $688.04. The firm has a market cap of $2.22 billion, a P/E ratio of 9.06 and a beta of 0.83.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a return on equity of 11.84% and a net margin of 15.31%. The company had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. During the same period in the previous year, the firm earned $10.43 earnings per share. The company’s revenue was down 7.0% compared to the same quarter last year. As a group, research analysts forecast that Cable One will post 32.21 EPS for the current year.

Insider Activity at Cable One

In other news, Director Wallace R. Weitz purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average price of $369.98 per share, for a total transaction of $369,980.00. Following the completion of the acquisition, the director now owns 4,565 shares of the company’s stock, valued at $1,688,958.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by company insiders.

Institutional Trading of Cable One

A number of large investors have recently modified their holdings of CABO. Headlands Technologies LLC lifted its holdings in Cable One by 19,050.0% during the second quarter. Headlands Technologies LLC now owns 383 shares of the company’s stock worth $136,000 after buying an additional 381 shares during the period. 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 buying an additional 47,082 shares during the period. Quest Partners LLC lifted its holdings in Cable One by 15.9% during the second quarter. Quest Partners LLC now owns 1,086 shares of the company’s stock worth $384,000 after buying an additional 149 shares during the period. Caprock Group LLC purchased a new stake in Cable One during the second quarter worth $3,624,000. Finally, Chicago Capital LLC purchased a new stake in Cable One during the second quarter worth $427,000. 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.