Cable One, Inc. (NYSE:CABO) Receives $256.75 Consensus PT from Analysts

Shares of Cable One, Inc. (NYSE:CABO) have been given an average rating of “Reduce” by the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $256.75.

A number of equities analysts have recently commented on CABO shares. Zacks Research raised Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. Wells Fargo & Company lowered their target price on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th.

Cable One Stock Performance

Shares of Cable One stock opened at $80.94 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.88. The company has a market cap of $456.50 million, a PE ratio of -0.99 and a beta of 0.76. The company has a 50 day moving average of $108.12 and a 200-day moving average of $135.82. Cable One has a 1-year low of $70.37 and a 1-year high of $311.02.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The firm had revenue of $376.01 million during the quarter, compared to the consensus estimate of $378.96 million. As a group, equities research analysts forecast that Cable One will post 32.08 earnings per share for the current fiscal year.

Institutional Trading of Cable One

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Cable One by 180.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after acquiring an additional 90 shares during the last quarter. Quarry LP increased its holdings in Cable One by 1,011.1% in the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after purchasing an additional 182 shares in the last quarter. Parallel Advisors LLC raised its position in Cable One by 2,288.9% in the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after purchasing an additional 206 shares during the last quarter. Quantbot Technologies LP bought a new position in Cable One in the third quarter valued at about $39,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Cable One by 107.3% during the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Cable One Company Profile

Cable One, Inc (NYSE:CABO) is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One’s infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.