Cable One (NYSE:CABO) Rating Lowered to “Market Perform” at Raymond James

Cable One (NYSE:CABO) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Friday, MarketBeat.com reports.

Several other equities analysts also recently weighed in on CABO. Wells Fargo & Company dropped their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research note on Friday, February 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Cable One in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd.

Cable One Price Performance

Shares of NYSE CABO opened at $151.99 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One has a one year low of $150.00 and a one year high of $437.00. The firm has a market capitalization of $855.40 million, a P/E ratio of 3.52 and a beta of 1.00. The company’s fifty day moving average is $258.05 and its two-hundred day moving average is $320.78.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping analysts’ consensus estimates of $12.21 by $0.11. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The firm had revenue of $380.60 million for the quarter, compared to the consensus estimate of $386.61 million. Analysts forecast that Cable One will post 32.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Wallace R. Weitz bought 1,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the purchase, the director now owns 5,584 shares of the company’s stock, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CABO. Burgundy Asset Management Ltd. increased its stake in Cable One by 6.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 316,384 shares of the company’s stock valued at $114,569,000 after purchasing an additional 19,545 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its holdings in Cable One by 1.5% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock valued at $106,608,000 after buying an additional 4,352 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Cable One by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company’s stock valued at $60,386,000 after acquiring an additional 10,211 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Cable One by 47.9% during the 1st quarter. Brown Advisory Inc. now owns 131,576 shares of the company’s stock worth $34,969,000 after acquiring an additional 42,606 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cable One by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock worth $31,423,000 after acquiring an additional 7,055 shares during the last quarter. Hedge funds and other 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.