Wells Fargo & Company Cuts Cable One (NYSE:CABO) Price Target to $107.00

Cable One (NYSE:CABO) had its target price reduced by Wells Fargo & Company from $120.00 to $107.00 in a research report sent to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cable One has an average rating of “Reduce” and a consensus price target of $276.00.

Cable One Price Performance

Shares of NYSE:CABO opened at $131.56 on Friday. The company has a market cap of $740.65 million, a price-to-earnings ratio of -1.62 and a beta of 0.86. The business has a 50 day moving average price of $162.01 and a 200 day moving average price of $155.96. The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 1.88. Cable One has a twelve month low of $116.13 and a twelve month high of $436.99.

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

Institutional Trading of Cable One

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Cable One by 49.8% during the third quarter. PNC Financial Services Group Inc. now owns 1,152 shares of the company’s stock worth $204,000 after purchasing an additional 383 shares during the period. Hi Line Capital Management LLC bought a new position in shares of Cable One during the 3rd quarter worth approximately $243,000. Mraz Amerine & Associates Inc. lifted its position in shares of Cable One by 2.4% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 8,409 shares of the company’s stock worth $1,489,000 after buying an additional 197 shares during the period. Public Sector Pension Investment Board boosted its stake in Cable One by 2.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 48,448 shares of the company’s stock valued at $8,578,000 after buying an additional 1,328 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in Cable One in the third quarter valued at $1,704,000. Institutional investors own 89.92% of the company’s stock.

Cable One Company Profile

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.