Cable One, Inc. (NYSE:CABO) Director Katharine Weymouth Acquires 150 Shares

Cable One, Inc. (NYSE:CABO) Director Katharine Weymouth purchased 150 shares of Cable One stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average cost of $130.88 per share, for a total transaction of $19,632.00. Following the transaction, the director now directly owns 2,294 shares of the company’s stock, valued at $300,238.72. This represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Cable One Stock Performance

Cable One stock opened at $128.40 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66. The stock has a market cap of $722.89 million, a PE ratio of -51.16 and a beta of 0.82. Cable One, Inc. has a 12-month low of $127.28 and a 12-month high of $437.00. The business’s 50-day moving average price is $189.14 and its two-hundred day moving average price is $269.41.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.21 by $0.11. The company had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. Cable One had a negative net margin of 0.69% and a positive return on equity of 9.38%. As a group, analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CABO shares. Wells Fargo & Company reduced their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. Raymond James Financial downgraded shares of Cable One from an “outperform” rating to a “market perform” rating in a research note on Friday, May 2nd. BNP Paribas Exane upgraded shares of Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 target price for the company in a research report on Monday. JPMorgan Chase & Co. cut their price target on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $309.25.

Institutional Trading of Cable One

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board lifted its stake in shares of Cable One by 57.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company’s stock valued at $85,923,000 after acquiring an additional 117,389 shares during the last quarter. Clarkston Capital Partners LLC increased its holdings in Cable One by 34.2% in the 1st quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company’s stock worth $94,931,000 after purchasing an additional 90,934 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Cable One by 27.2% in the first quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company’s stock valued at $106,947,000 after purchasing an additional 86,019 shares during the last quarter. Raymond James Financial Inc. bought a new position in Cable One in the fourth quarter valued at about $28,129,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Cable One by 14,346.4% during the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company’s stock valued at $15,895,000 after purchasing an additional 59,394 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.