Cable One, Inc. (NYSE:CABO) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) have received an average rating of "Hold" from the six analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $533.33.

Separately, JPMorgan Chase & Co. lifted their price target on shares of Cable One from $470.00 to $480.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th.

Institutional Investors Weigh In On Cable One

Hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its stake in shares of Cable One by 1,906.2% during the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company's stock valued at $67,911,000 after acquiring an additional 152,496 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in Cable One by 42.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company's stock worth $102,894,000 after buying an additional 86,581 shares during the period. AQR Capital Management LLC grew its position in shares of Cable One by 4,228.5% in the 2nd quarter. AQR Capital Management LLC now owns 61,465 shares of the company's stock valued at $21,436,000 after buying an additional 60,045 shares during the last quarter. Private Management Group Inc. increased its stake in shares of Cable One by 648.3% in the first quarter. Private Management Group Inc. now owns 66,559 shares of the company's stock valued at $28,163,000 after buying an additional 57,664 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Cable One by 11.0% in the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company's stock valued at $207,409,000 after buying an additional 48,513 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

NYSE CABO traded down $5.27 on Wednesday, hitting $350.59. 91,955 shares of the company's stock were exchanged, compared to its average volume of 105,086. Cable One has a 52 week low of $311.28 and a 52 week high of $666.02. The stock has a 50-day moving average of $350.13 and a 200-day moving average of $367.25. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.87. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 8.03 and a beta of 0.84.

Cable One (NYSE:CABO - Get Free Report) last released 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). The business had revenue of $394.46 million during the quarter, compared to analyst estimates of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 12.04%. The business's quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $10.43 earnings per share. Analysts expect that Cable One will post 30.99 earnings per share for the current year.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Tuesday, August 27th. Cable One's dividend payout ratio is currently 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.