TD Cowen Cuts Cable One (NYSE:CABO) Price Target to $456.00

Cable One (NYSE:CABO) had its target price lowered by TD Cowen from $650.00 to $456.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages also recently commented on CABO. Wells Fargo & Company cut their target price on shares of Cable One from $460.00 to $400.00 and set an underweight rating on the stock in a research note on Friday, April 5th. KeyCorp lowered their price target on shares of Cable One from $900.00 to $881.00 and set an overweight rating for the company in a report on Thursday, April 4th. Finally, Moffett Nathanson raised shares of Cable One from a neutral rating to a buy rating and set a $615.00 price target for the company in a report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $590.83.

Cable One Stock Down 4.4 %

CABO stock opened at $378.45 on Friday. The company’s 50 day simple moving average is $419.75 and its 200-day simple moving average is $498.70. The firm has a market capitalization of $2.13 billion, a PE ratio of 8.67 and a beta of 0.80. Cable One has a 12 month low of $369.13 and a 12 month high of $749.00. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). The firm had revenue of $404.30 million for the quarter, compared to analyst estimates of $408.79 million. Cable One had a return on equity of 12.96% and a net margin of 15.50%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $9.62 EPS. Equities analysts expect that Cable One will post 43.36 earnings per share for the current fiscal year.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.12%. Cable One’s dividend payout ratio (DPR) is 27.02%.

Insiders Place Their Bets

In related news, insider Christopher D. Boone sold 204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total value of $93,840.00. Following the sale, the insider now directly owns 1,854 shares in the company, valued at approximately $852,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

Institutional Trading of Cable One

A number of hedge funds and other institutional investors have recently made changes to their positions in CABO. Bfsg LLC purchased a new position in shares of Cable One in the fourth quarter worth approximately $28,000. Fifth Third Bancorp grew its position in Cable One by 87.5% during the first quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Spire Wealth Management purchased a new position in Cable One during the fourth quarter valued at approximately $46,000. Principal Securities Inc. purchased a new position in Cable One during the fourth quarter valued at approximately $53,000. Finally, SRS Capital Advisors Inc. grew its position in Cable One by 43.0% during the third quarter. SRS Capital Advisors Inc. now owns 153 shares of the company’s stock valued at $94,000 after purchasing an additional 46 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.