Cable One, Inc. (NYSE:CABO) shares gapped up before the market opened on Monday . The stock had previously closed at $1,704.70, but opened at $1,769.00. Cable One shares last traded at $1,767.15, with a volume of 39 shares trading hands.
CABO has been the topic of several recent analyst reports. Truist Securities raised Cable One from a “hold” rating to a “buy” rating and set a $2,100.00 target price on the stock in a research note on Monday, March 15th. Zacks Investment Research cut Cable One from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James upgraded Cable One from a “market perform” rating to an “outperform” rating and set a $2,025.00 price target for the company in a report on Monday, March 15th. KeyCorp raised their price target on Cable One from $2,280.00 to $2,671.00 and gave the company an “overweight” rating in a report on Friday, January 15th. Finally, Truist raised Cable One from a “hold” rating to a “buy” rating and set a $2,100.00 price target for the company in a research note on Monday, March 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Cable One presently has an average rating of “Hold” and an average target price of $2,017.30.
The stock has a fifty day moving average of $1,799.02 and a 200-day moving average of $1,953.00. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 1.22. The stock has a market cap of $10.50 billion, a PE ratio of 40.49 and a beta of 0.53.
Several hedge funds have recently modified their holdings of CABO. Principal Financial Group Inc. increased its holdings in shares of Cable One by 355.5% during the 4th quarter. Principal Financial Group Inc. now owns 110,519 shares of the company’s stock valued at $246,205,000 after acquiring an additional 86,256 shares during the last quarter. BlackRock Inc. grew its stake in shares of Cable One by 9.6% in the first quarter. BlackRock Inc. now owns 689,336 shares of the company’s stock worth $1,260,353,000 after acquiring an additional 60,115 shares during the last quarter. Norges Bank bought a new position in shares of Cable One during the fourth quarter valued at $111,123,000. Gardner Russo & Gardner LLC raised its stake in shares of Cable One by 20,879.8% during the 4th quarter. Gardner Russo & Gardner LLC now owns 35,246 shares of the company’s stock worth $78,519,000 after purchasing an additional 35,078 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Cable One by 3.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 757,200 shares of the company’s stock valued at $1,686,830,000 after buying an additional 23,934 shares in the last quarter. Institutional investors and hedge funds own 82.75% of the company’s stock.
Cable One Company Profile (NYSE:CABO)
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 residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.
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