Shares of Cable One, Inc. (NYSE: CABO – Get Rating) earned an average rating of “Buy” from the eight research firms that cover the stock, Marketbeat Ratings reports. Three analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokers who have rated the stock over the past year is $2,054.33.
A number of research analysts have recently commented on the stock. Cowen lowered his price target on Cable One shares from $2,000.00 to $1,800.00 in a report on Friday, February 25. KeyCorp lowered its price target on Cable One shares from $2,480.00 to $2,326.00 and set an “overweight” rating for the company in a Monday, February 28 report. Zacks Investment Research upgraded Cable One shares from a “sell” rating to a “hold” rating in a Tuesday, March 1, report. Truist Financial lowered its price target on shares of Cable One from $2,300.00 to $2,000.00 in a Friday, February 25 report. Finally, Wells Fargo & Company upgraded Cable One shares from an “equal weight” rating to an “overweight” rating and set a price target of $2,100.00 for the company in a Monday, February 28 report. .
A number of large investors have recently increased or reduced their stake in CABO. Nordea Investment Management AB increased its position in Cable One shares by 6.1% during the first quarter. Nordea Investment Management AB now owns 28,191 shares of the company worth $43,877,000 after purchasing an additional 1,623 shares during the period. Bridges Investment Management Inc. increased its position in Cable One shares by 18.5% during the first quarter. Bridges Investment Management Inc. now owns 8,443 shares of the company worth $12,363,000 after purchasing an additional 1,319 shares during the period. Norges Bank acquired a new stake in the shares of Cable One during the 4th quarter for a value of approximately $65,967,000. Quent Capital LLC acquired a new stake in Cable One stock during Q4 worth approximately $51,000. Finally, Westwood Holdings Group Inc. increased its position in Cable One shares by 2.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,396 shares of the company worth $4,225,000 after purchasing an additional 65 shares during the period. 88.88% of the shares are held by institutional investors and hedge funds.
CABO shares were down $31.78 on Thursday, hitting $1,440.62. The company had a trading volume of 26,221 shares, compared to an average volume of 37,453. The stock has a market capitalization of $8.73 billion, a PE ratio of 30.91 and a beta of 0.62. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt ratio of 2.12. Cable One has a one-year low of $1,375.63 and a one-year high of $2,136.14. The company’s 50-day moving average is $1,489.44 and its 200-day moving average is $1,645.65.
Cable One (NYSE: CABO – Get Rating) last released its results on Thursday, February 24. The company reported EPS of $10.54 for the quarter, missing analyst consensus estimates of $12.09 per ($1.55). The company posted revenue of $432.60 million in the quarter, versus a consensus estimate of $431.99 million. Cable One had a return on equity of 17.15% and a net margin of 18.17%. The company’s revenue increased by 28.4% compared to the same quarter last year. During the same period last year, the company posted EPS of $9.80. On average, sell-side analysts expect Cable One to post earnings per share of 50.95 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 4. Shareholders of record on Tuesday, February 15 received a dividend of $2.75 per share. This represents a dividend of $11.00 on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, February 14. Cable One’s dividend payout ratio is currently 23.53%.
Cable One Company Profile (Get an evaluation)
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 improve Wi-Fi signal throughout the home. It also provides home video services, such as local area networks; local community programming that includes government and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive, electronic program guide with parental controls.
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