Cable One, Inc. (NYSE:CABO) Receives $256.75 Average PT from Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have been given an average recommendation of “Reduce” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two 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 ratings on the stock in the last year is $256.75.

A number of brokerages have recently weighed in on CABO. JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research report on Friday, November 7th.

Hedge Funds Weigh In On Cable One

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 90 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Cable One in the first quarter worth $30,000. Quarry LP raised its holdings in Cable One by 1,011.1% during the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after buying an additional 182 shares during the last quarter. Parallel Advisors LLC boosted its position in Cable One by 2,288.9% during the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after buying an additional 206 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Cable One during the 3rd quarter valued at $39,000. 89.92% of the stock is currently owned by institutional investors.

Cable One Price Performance

CABO opened at $107.57 on Friday. 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 stock has a market capitalization of $606.71 million, a P/E ratio of -1.32 and a beta of 0.86. The stock has a 50-day moving average price of $156.42 and a 200-day moving average price of $149.49. Cable One has a 12-month low of $105.00 and a 12-month high of $436.99.

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

Cable One Company Profile

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.