Cable One Inc. (NYSE:CABO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “
Separately, TheStreet began coverage on shares of Cable One in a research report on Wednesday, July 13th. They set a “hold” rating for the company.
Shares of Cable One (NYSE:CABO) opened at 582.17 on Tuesday. The stock’s 50 day moving average is $563.75 and its 200 day moving average is $511.63. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 34.25 and a beta of 0.28. Cable One has a 1-year low of $390.00 and a 1-year high of $601.01.
Cable One (NYSE:CABO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $4.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.19. The business earned $204.56 million during the quarter, compared to analysts’ expectations of $202.03 million. Cable One had a net margin of 12.26% and a return on equity of 23.07%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $3.67 EPS. On average, equities analysts forecast that Cable One will post $19.68 EPS for the current year.
A number of large investors have recently made changes to their positions in CABO. William Blair Investment Management LLC raised its stake in shares of Cable One by 544.4% in the second quarter. William Blair Investment Management LLC now owns 69,103 shares of the company’s stock valued at $35,340,000 after buying an additional 58,379 shares in the last quarter. Baird Financial Group Inc. bought a new stake in shares of Cable One during the second quarter valued at approximately $23,511,000. Riverhead Capital Management LLC raised its stake in shares of Cable One by 3,341.0% in the second quarter. Riverhead Capital Management LLC now owns 29,799 shares of the company’s stock valued at $767,000 after buying an additional 28,933 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Cable One during the first quarter valued at approximately $8,786,000. Finally, BlackRock Fund Advisors raised its stake in shares of Cable One by 11.5% in the second quarter. BlackRock Fund Advisors now owns 156,676 shares of the company’s stock valued at $80,126,000 after buying an additional 16,211 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.
About Cable One
Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.
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