Analysts Set Cable One, Inc. (NYSE:CABO) Price Target at $256.75

Cable One, Inc. (NYSE:CABO) has received an average recommendation of “Reduce” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $256.75.

CABO has been the subject of a number of research analyst reports. Wells Fargo & Company reduced 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 note on Friday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Zacks Research downgraded shares of Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Baupost Group LLC MA bought a new stake in shares of Cable One during the 3rd quarter valued at about $12,068,000. DAVENPORT & Co LLC lifted its stake in shares of Cable One by 249.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 242,962 shares of the company’s stock worth $32,997,000 after purchasing an additional 173,384 shares during the period. Private Management Group Inc. boosted its holdings in shares of Cable One by 103.9% in the second quarter. Private Management Group Inc. now owns 311,131 shares of the company’s stock worth $42,255,000 after buying an additional 158,564 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Cable One by 57.0% during the first quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company’s stock valued at $85,923,000 after buying an additional 117,389 shares during the period. Finally, Clarkston Capital Partners LLC grew its position in Cable One by 34.2% during the first quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company’s stock valued at $94,931,000 after buying an additional 90,934 shares during the period. Institutional investors own 89.92% of the company’s stock.

Cable One Trading Down 2.3%

Shares of NYSE:CABO opened at $132.51 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38. Cable One has a 1 year low of $96.67 and a 1 year high of $384.11. The company has a market cap of $747.36 million, a P/E ratio of -1.63 and a beta of 0.79. The stock’s fifty day moving average price is $136.74 and its 200-day moving average price is $143.72.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, November 6th. The company reported $5.17 EPS for the quarter, missing the consensus estimate of $9.25 by ($4.08). The business 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%. Sell-side analysts expect that Cable One will post 32.08 earnings per share for the current year.

About Cable One

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.