Zacks Investment Research lowered shares of Cable One Inc. (NYSE:CABO) from a buy rating to a hold rating in a report issued on Tuesday morning.
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 assumed coverage on shares of Cable One in a research note on Wednesday, July 13th. They issued a hold rating for the company.
Cable One (NYSE:CABO) opened at 580.79 on Tuesday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 34.17 and a beta of 0.28. The stock has a 50 day moving average price of $564.96 and a 200-day moving average price of $512.12. Cable One has a 1-year low of $390.00 and a 1-year high of $601.01.
Cable One (NYSE:CABO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.19. The company earned $204.56 million during the quarter, compared to the consensus estimate of $202.03 million. Cable One had a net margin of 12.26% and a return on equity of 23.07%. Cable One’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.67 earnings per share. Equities research analysts expect that Cable One will post $19.68 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Capstone Asset Management Co. increased its position in shares of Cable One by 16.2% in the third quarter. Capstone Asset Management Co. now owns 538 shares of the company’s stock worth $314,000 after buying an additional 75 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Cable One by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,524 shares of the company’s stock worth $890,000 after buying an additional 30 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of Cable One during the second quarter worth about $1,018,000. Public Employees Retirement System of Ohio increased its position in shares of Cable One by 16.9% in the second quarter. Public Employees Retirement System of Ohio now owns 1,593 shares of the company’s stock worth $815,000 after buying an additional 230 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Cable One during the second quarter worth about $222,000. 69.46% of the stock is owned by institutional investors.
Cable One Company Profile
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.