Cable One, Inc. (NYSE:CABO) Receives $101.50 Consensus Price Target from Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have been given a consensus rating of “Strong Sell” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $101.50.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, May 1st. Zacks Research downgraded shares of Cable One from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. TD Cowen lowered their target price on shares of Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a report on Monday, April 20th.

Institutional Investors Weigh In On Cable One

A number of institutional investors and hedge funds have recently modified their holdings of CABO. EverSource Wealth Advisors LLC boosted its position 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 worth $25,000 after buying an additional 90 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Cable One by 0.3% in the fourth quarter. Public Sector Pension Investment Board now owns 48,580 shares of the company’s stock valued at $5,482,000 after purchasing an additional 132 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Cable One by 34.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 520 shares of the company’s stock worth $59,000 after purchasing an additional 133 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Cable One by 18.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 927 shares of the company’s stock worth $105,000 after purchasing an additional 146 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cable One by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock worth $893,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Price Performance

Shares of CABO opened at $49.17 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09. The stock’s 50 day moving average is $56.66 and its two-hundred day moving average is $85.89. Cable One has a twelve month low of $39.52 and a twelve month high of $180.74. The firm has a market capitalization of $278.82 million, a PE ratio of -0.84 and a beta of 0.53.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.77 by ($1.65). Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.The business had revenue of $352.96 million for the quarter, compared to analysts’ expectations of $359.59 million. Research analysts anticipate that Cable One will post 29.89 earnings per share for the current year.

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.