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

Shares of Cable One, Inc. (NYSE:CABO) have earned an average recommendation of “Reduce” from the eight research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $256.75.

Several equities research analysts recently issued reports on CABO shares. JPMorgan Chase & Co. decreased their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Zacks Research downgraded shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their price objective 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.

Institutional Investors Weigh In On Cable One

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of 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. Quarry LP increased its position in Cable One by 1,011.1% during the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after purchasing an additional 182 shares in the last quarter. Parallel Advisors LLC raised its holdings in Cable One by 2,288.9% in the third 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. Quantbot Technologies LP purchased a new position in Cable One in the third quarter valued at approximately $39,000. Finally, Hantz Financial Services Inc. lifted its position in Cable One by 107.3% during the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after buying an additional 132 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

Shares of NYSE:CABO opened at $98.13 on Friday. The company has a market cap of $553.46 million, a P/E ratio of -1.21 and a beta of 0.76. The business has a fifty day simple moving average of $118.79 and a 200-day simple moving average of $140.80. Cable One has a 52 week low of $94.40 and a 52 week high of $360.30. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.88.

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 the consensus estimate of $9.25 by ($4.08). The business had revenue of $376.01 million for the quarter, compared to analysts’ expectations of $378.96 million. Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%. Equities research analysts forecast that Cable One will post 32.08 EPS 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.