Cable One, Inc. (NYSE:CABO) Receives Average Rating of “Reduce” from Brokerages

Cable One, Inc. (NYSE:CABO) has received a consensus recommendation of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $256.75.

Several research analysts have issued reports on CABO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Wells Fargo & Company decreased their target price 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.

Institutional Investors Weigh In On Cable One

Several institutional investors and hedge funds have recently added to or reduced their stakes in CABO. EverSource Wealth Advisors LLC increased its position in shares of Cable One by 180.0% during the third 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 lifted its position in shares of Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after acquiring an additional 182 shares in the last quarter. Parallel Advisors LLC boosted its stake in Cable One by 2,288.9% in the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after purchasing an additional 206 shares during the period. Quantbot Technologies LP bought a new position in shares of Cable One in the third quarter valued at approximately $39,000. Finally, Signaturefd LLC boosted its holdings in Cable One by 171.2% in the 2nd quarter. Signaturefd LLC now owns 320 shares of the company’s stock valued at $43,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

Cable One stock opened at $104.79 on Friday. The business has a 50 day moving average of $124.20 and a 200-day moving average of $141.75. The company has a market capitalization of $591.04 million, a P/E ratio of -1.29 and a beta of 0.76. Cable One has a 1 year low of $96.67 and a 1 year high of $384.11. 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 (NYSE:CABO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). The business had revenue of $376.01 million for the quarter, compared to analyst estimates of $378.96 million. Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%. On average, equities research analysts predict that Cable One will post 32.08 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.