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Cable One (NYSE:CABO) Price target lowered to $1,725.00 at KeyCorp

Cable One (NYSE: CABO – Get Note) had its target price reduced by KeyCorp research analysts from $1,896.00 to $1,725.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 25.53% from the stock’s previous close.

Other analysts have also recently published research reports on the company. Wells Fargo & Company cut its price target on Cable One from $2,100.00 to $1,800.00 in a Friday, May 6 research report. Truist Financial raised its price target on Cable One from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a Friday, June 10 research report. One research analyst has rated the stock with a hold rating and four have assigned the company’s stock a buy rating. According to data from MarketBeat, Cable One currently has an average rating of “Moderate Buy” and a consensus target price of $1,785.00.

Cable One Stock down 4.7%

CABO shares traded at $67.58 during Friday’s midday session, hitting $1,374.22. The company’s stock had a trading volume of 396 shares, compared to its average volume of 46,813. Cable One has a 52-week low of $1,049.81 and a 52-week high of $2,136.14 . The company has a 50-day moving average price of $1,317.68 and a 200-day moving average price of $1,375.74. The company has a debt ratio of 1.96, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market capitalization of $8.23 billion, a price-earnings ratio of 22.04 and a beta of 0.69.

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Cable One (NYSE:CABO – Get Rating) last released its quarterly earnings data on Thursday, May 5. The company reported EPS of $26.85 for the quarter, beating consensus analyst estimates of $12.03 from $14.82. The company posted revenue of $426.70 million in the quarter, compared to $427.97 million expected by analysts. Cable One achieved a return on equity of 22.11% and a net margin of 23.34%. Cable One’s revenues for the quarter increased 25.0% compared to the same quarter last year. In the same quarter a year earlier, the company had earned earnings per share of $11.19. Research analysts predict Cable One will post an EPS of 67.32 for the current fiscal year.

Insider buying and selling at Cable One

In other Cable One news, Director Thomas Sinnickson Gayner acquired 50 shares of the company in a transaction dated Wednesday, May 25. The shares were purchased at an average price of $1,257.97 per share, with a total value of $62,898.50. Following the completion of the purchase, the administrator now directly owns 7,469 shares of the company, valued at approximately $9,395,777.93. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink. Separately, insider Christopher D. Boone sold 131 shares of the company in a trade dated Thursday, May 26. The stock was sold at an average price of $1,280.00, for a total value of $167,680.00. Following the completion of the transaction, the insider now owns 1,047 shares of the company, valued at $1,340,160. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, director Thomas Sinnickson Gayner acquired 50 shares of the company in a transaction dated Wednesday, May 25. The shares were acquired at an average cost of $1,257.97 per share, with a total value of $62,898.50. Following the purchase, the director now owns 7,469 shares of the company, valued at $9,395,777.93. Disclosure of this purchase can be found here. 1.20% of the shares are currently held by insiders.

Hedge funds weigh on Cable One

A number of hedge funds and other institutional investors have recently increased or reduced their stake in CABO. Capital International Investors increased its stake in Cable One by 74.9% during the first quarter. Capital International Investors now owns 204,285 shares of the company valued at $300,489,000 after purchasing an additional 87,503 shares in the last quarter. BlackRock Inc. increased its stake in Cable One by 5.4% during the fourth quarter. BlackRock Inc. now owns 736,160 shares of the company valued at $1,298,179,000 after purchasing an additional 37,780 shares in the last quarter. Baader Bank INC bought a new position in Cable One during the first quarter worth approximately $33,678,000. Massachusetts Financial Services Co. MA increased its stake in Cable One by 16.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 119,162 shares of the company valued at $174,481,000 after purchasing an additional 17,004 shares in the last quarter. Finally, Royce & Associates LP bought a new position in Cable One during the second quarter valued at around $19,529,000. 89.51% of the shares are held by institutional investors.

Cable One Company Profile

(Get a rating)

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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