Cable One (NYSE:CABO) Shares Up 6.6% – Time to Buy?

Shares of Cable One, Inc. (NYSE:CABO) were up 6.6% on Tuesday . The company traded as high as $144.52 and last traded at $144.80. Approximately 92,299 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 131,369 shares. The stock had previously closed at $135.87.

Analyst Ratings Changes

A number of research analysts recently issued reports on CABO shares. JPMorgan Chase & Co. dropped their target price on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. KeyCorp reiterated a “sector weight” rating on shares of Cable One in a report on Friday, May 2nd. Finally, Raymond James cut Cable One from an “outperform” rating to a “market perform” rating in a research note on Friday, May 2nd.

Cable One Price Performance

The firm’s 50 day moving average price is $203.39 and its two-hundred day moving average price is $280.40. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $825.18 million, a PE ratio of 3.39 and a beta of 0.82.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.21 by $0.11. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The business had revenue of $380.60 million for the quarter, compared to analysts’ expectations of $386.61 million. On average, research analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current year.

Hedge Funds Weigh In On Cable One

Large investors have recently modified their holdings of the company. Summit Investment Advisors Inc. lifted its stake in Cable One by 6.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 590 shares of the company’s stock worth $214,000 after purchasing an additional 37 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Cable One by 15.5% during the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after buying an additional 46 shares during the period. SummerHaven Investment Management LLC grew its position in Cable One by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 2,392 shares of the company’s stock worth $636,000 after buying an additional 47 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Cable One by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock worth $974,000 after acquiring an additional 61 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Cable One by 18.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock worth $151,000 after acquiring an additional 65 shares during the last quarter. 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.