Cable One (NYSE:CABO) Trading 4.6% Higher – Time to Buy?

Cable One, Inc. (NYSE:CABO) shares were up 4.6% during mid-day trading on Thursday . The company traded as high as $98.83 and last traded at $99.4550. Approximately 14,149 shares were traded during trading, a decline of 91% from the average daily volume of 161,062 shares. The stock had previously closed at $95.11.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company decreased 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. Zacks Research raised Cable One from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. TD Cowen lowered their price objective on Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane cut Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Cable One has an average rating of “Reduce” and an average price target of $114.25.

Cable One Stock Down 2.9%

The firm has a 50-day simple moving average of $98.06 and a 200 day simple moving average of $125.57. The company has a market capitalization of $535.61 million, a PE ratio of -1.47 and a beta of 0.70. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.40 and a quick ratio of 0.40.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) 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 negative net margin of 23.74% and a positive return on equity of 7.36%. On average, research analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Trading of Cable One

A number of hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of Cable One by 172.6% during the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cable One by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after purchasing an additional 151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cable One by 16.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company’s stock valued at $4,589,000 after purchasing an additional 2,467 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Cable One by 380.6% during the 2nd 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 increased its stake in Cable One by 7.9% during the 2nd 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.