Brokerages Set Cable One, Inc. (NYSE:CABO) Price Target at $114.25

Shares of Cable One, Inc. (NYSE:CABO) have earned a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $114.25.

A number of equities research analysts have issued reports on the company. Wells Fargo & Company lowered their price target on Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research report on Friday, February 27th. Zacks Research raised Cable One from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. BNP Paribas Exane downgraded shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 target price for the company. in a research report on Tuesday, February 24th. Finally, TD Cowen cut their price target on shares of Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a report on Friday, February 27th.

Cable One Stock Down 2.9%

Shares of CABO opened at $94.46 on Friday. The firm has a market cap of $535.61 million, a PE ratio of -1.47 and a beta of 0.70. The company’s fifty day moving average is $98.06 and its two-hundred day moving average is $125.12. Cable One has a fifty-two week low of $70.37 and a fifty-two week high of $277.96. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.81.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $7.60 by ($8.95). The company had revenue of $363.74 million for the quarter, compared to analysts’ expectations of $368.59 million. Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. Analysts forecast that Cable One will post 32.08 earnings per share for the current year.

Hedge Funds Weigh In On Cable One

A number of hedge funds have recently made changes to their positions in CABO. AQR Capital Management LLC boosted its position in Cable One by 172.6% during the 1st quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock worth $4,482,000 after purchasing an additional 10,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cable One by 4.7% during the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Cable One by 16.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company’s stock worth $4,589,000 after purchasing an additional 2,467 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Cable One by 380.6% in the second quarter. PNC Financial Services Group Inc. now owns 769 shares of the company’s stock worth $104,000 after buying an additional 609 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in shares of Cable One by 7.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock worth $178,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

About Cable One

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.