Cable One, Inc. (NYSE:CABO) Director Wallace R. Weitz Acquires 1,000 Shares

Cable One, Inc. (NYSE:CABO) Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $369.98 per share, for a total transaction of $369,980.00. Following the completion of the purchase, the director now owns 4,565 shares in the company, valued at approximately $1,688,958.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Cable One Trading Down 3.2 %

CABO opened at $352.00 on Thursday. Cable One, Inc. has a fifty-two week low of $351.97 and a fifty-two week high of $749.00. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 8.06 and a beta of 0.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50 day simple moving average of $403.48 and a 200 day simple moving average of $481.77.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, May 2nd. The company reported $8.11 EPS for the quarter, missing the consensus estimate of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The business had revenue of $404.30 million for the quarter, compared to the consensus estimate of $408.79 million. During the same quarter in the previous year, the firm posted $9.62 EPS. The business’s revenue was down 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Cable One, Inc. will post 32.41 earnings per share for the current year.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, May 24th. Cable One’s payout ratio is 27.02%.

Wall Street Analyst Weigh In

CABO has been the topic of several recent analyst reports. KeyCorp reduced their target price on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective for the company in a report on Tuesday, March 5th. Wells Fargo & Company reduced their target price on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a report on Friday, May 3rd. Finally, TD Cowen cut their price target on Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $590.83.

Hedge Funds Weigh In On Cable One

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC boosted its stake in Cable One by 115.3% during the 4th quarter. Jump Financial LLC now owns 3,972 shares of the company’s stock worth $2,211,000 after acquiring an additional 2,127 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in Cable One by 37.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 4,324 shares of the company’s stock worth $2,662,000 after buying an additional 1,187 shares during the period. DAVENPORT & Co LLC lifted its holdings in Cable One by 8.8% during the fourth quarter. DAVENPORT & Co LLC now owns 29,789 shares of the company’s stock worth $16,680,000 after acquiring an additional 2,403 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Cable One by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,168 shares of the company’s stock valued at $34,602,000 after acquiring an additional 3,449 shares during the period. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Cable One by 24.8% in the third quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock worth $95,484,000 after acquiring an additional 30,831 shares in the last quarter. 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.