Analysts Set Cable One, Inc. (NYSE:CABO) PT at $533.33

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $533.33.

Several analysts recently issued reports on CABO shares. Wells Fargo & Company cut their target price on shares of Cable One from $400.00 to $350.00 and set an "underweight" rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Cable One from $470.00 to $480.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Finally, TD Cowen decreased their target price on Cable One from $650.00 to $456.00 and set a "hold" rating on the stock in a report on Friday, May 3rd.

Hedge Funds Weigh In On Cable One

Large investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC lifted its holdings in shares of Cable One by 1.8% in the 4th quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company's stock worth $627,000 after acquiring an additional 20 shares during the last quarter. Raymond James Trust N.A. increased its position in Cable One by 2.1% during the 2nd quarter. Raymond James Trust N.A. now owns 1,581 shares of the company's stock valued at $560,000 after purchasing an additional 33 shares during the period. Fifth Third Bancorp increased its position in Cable One by 87.5% during the 1st quarter. Fifth Third Bancorp now owns 75 shares of the company's stock valued at $32,000 after purchasing an additional 35 shares during the period. SRS Capital Advisors Inc. increased its position in Cable One by 24.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 190 shares of the company's stock valued at $106,000 after purchasing an additional 37 shares during the period. Finally, Texas Permanent School Fund Corp increased its position in Cable One by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company's stock valued at $1,681,000 after purchasing an additional 51 shares during the period. Institutional investors own 89.92% of the company's stock.

Cable One Stock Performance

Shares of NYSE CABO traded down $2.38 during midday trading on Tuesday, hitting $359.84. 62,698 shares of the stock traded hands, compared to its average volume of 109,587. The firm has a market capitalization of $2.02 billion, a P/E ratio of 8.31 and a beta of 0.83. Cable One has a one year low of $318.68 and a one year high of $671.62. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a 50-day moving average of $363.79 and a two-hundred day moving average of $395.71.

Cable One (NYSE:CABO - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing analysts' consensus estimates of $10.36 by ($2.20). The firm had revenue of $394.46 million during the quarter, compared to the consensus estimate of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.84%. The firm's revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $10.43 EPS. On average, equities analysts forecast that Cable One will post 32.21 EPS for the current fiscal year.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a dividend of $2.95 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.28%. Cable One's payout ratio is 27.02%.

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.