Cable One, Inc. (NYSE:CABO) Receives $101.50 Average PT from Analysts

Cable One, Inc. (NYSE:CABO) has received a consensus rating of “Strong Sell” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $101.50.

Several brokerages recently weighed in on CABO. TD Cowen reduced their price target on Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Zacks Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Wells Fargo & Company dropped their price objective on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a report on Monday, April 20th.

Cable One Price Performance

Shares of CABO opened at $49.17 on Friday. The business’s 50-day moving average is $55.36 and its two-hundred day moving average is $85.63. The company has a market capitalization of $278.82 million, a P/E ratio of -0.84 and a beta of 0.53. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.75 and a current ratio of 1.75. Cable One has a fifty-two week low of $39.52 and a fifty-two week high of $180.74.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.77 by ($1.65). Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. The company had revenue of $352.96 million during the quarter, compared to analyst estimates of $359.59 million. Research analysts predict that Cable One will post 29.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CABO. Pacer Advisors Inc. purchased a new stake in shares of Cable One during the 1st quarter worth about $3,395,000. Renaissance Technologies LLC grew its position in shares of Cable One by 18.5% during the 1st quarter. Renaissance Technologies LLC now owns 53,900 shares of the company’s stock valued at $4,916,000 after acquiring an additional 8,400 shares during the period. Fifth Third Bancorp increased its stake in shares of Cable One by 3,100.0% in the 1st quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock valued at $102,000 after purchasing an additional 1,085 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Cable One in the 1st quarter valued at about $294,000. Finally, Lee Danner & Bass Inc. increased its stake in shares of Cable One by 218.7% in the 1st quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company’s stock valued at $1,947,000 after purchasing an additional 14,650 shares in the last quarter. 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.