Cable One (NYSE:CABO) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Cable One (NYSE:CABO) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. cut their target price on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Cable One has a consensus rating of “Reduce” and a consensus target price of $256.75.

Cable One Trading Up 0.0%

CABO opened at $113.41 on Tuesday. Cable One has a one year low of $96.67 and a one year high of $432.36. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38. The business has a 50 day simple moving average of $147.68 and a two-hundred day simple moving average of $146.48. The firm has a market capitalization of $639.63 million, a price-to-earnings ratio of -1.39 and a beta of 0.86.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.25 by ($4.08). Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The company had revenue of $376.01 million for the quarter, compared to analysts’ expectations of $378.96 million. Analysts predict that Cable One will post 32.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of Cable One by 180.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after purchasing an additional 90 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in Cable One by 7.9% in 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. AlphaQuest LLC increased its stake in Cable One by 9.2% in the 3rd quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock worth $216,000 after buying an additional 103 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Cable One during the first quarter valued at about $30,000. Finally, Federated Hermes Inc. raised its holdings in Cable One by 11.5% during the third quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock valued at $198,000 after acquiring an additional 115 shares during the period. 89.92% of the stock is currently owned by institutional investors.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.