Cable One (NYSE:CABO) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Cable One (NYSE:CABO) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

CABO has been the topic of a number of other reports. TD Cowen cut their price objective on Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a research note on Friday, February 27th. BNP Paribas Exane downgraded Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, February 24th. Wells Fargo & Company cut their price objective on Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cable One has a consensus rating of “Reduce” and an average price target of $114.25.

Cable One Trading Down 0.4%

Shares of CABO stock opened at $107.01 on Thursday. 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 has a fifty-two week low of $70.37 and a fifty-two week high of $277.55. The stock has a market capitalization of $606.74 million, a P/E ratio of -1.67 and a beta of 0.69. The stock has a 50-day simple moving average of $101.24 and a 200 day simple moving average of $115.34.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of $7.60 by ($8.95). The company had revenue of $363.74 million during the quarter, compared to analyst estimates of $368.59 million. Cable One had a positive return on equity of 7.36% and a negative net margin of 23.74%. On average, sell-side analysts expect that Cable One will post 32.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cable One

Large investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in shares of Cable One by 31.7% during the fourth quarter. Nordea Investment Management AB now owns 72,159 shares of the company’s stock valued at $8,316,000 after acquiring an additional 17,353 shares during the period. Caprock Group LLC acquired a new position in shares of Cable One during the third quarter valued at $1,704,000. Goldentree Asset Management LP acquired a new position in shares of Cable One during the third quarter valued at $13,033,000. DAVENPORT & Co LLC lifted its stake in shares of Cable One by 11.8% during the third quarter. DAVENPORT & Co LLC now owns 271,723 shares of the company’s stock valued at $48,109,000 after acquiring an additional 28,761 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its stake in shares of Cable One by 87.0% during the third quarter. Landscape Capital Management L.L.C. now owns 45,859 shares of the company’s stock valued at $8,119,000 after acquiring an additional 21,331 shares during the period. Institutional investors and hedge funds 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.