Analysts Set Cable One, Inc. (NYSE:CABO) PT at $256.75

Cable One, Inc. (NYSE:CABO) has received a consensus rating of “Reduce” from the eight analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $256.75.

A number of research analysts have commented on the stock. Wells Fargo & Company cut their target price on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. Zacks Research downgraded shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. reduced their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Cable One by 180.0% during the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after buying an additional 90 shares during the period. Quarry LP grew its stake in Cable One by 1,011.1% during the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Cable One by 2,288.9% during the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after purchasing an additional 206 shares during the period. Quantbot Technologies LP purchased a new stake in Cable One in the third quarter valued at approximately $39,000. Finally, Signaturefd LLC boosted its position in Cable One by 171.2% in the second quarter. Signaturefd LLC now owns 320 shares of the company’s stock valued at $43,000 after buying an additional 202 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Trading Down 3.5%

Shares of CABO stock opened at $98.56 on Friday. The company has a market cap of $555.88 million, a PE ratio of -1.21 and a beta of 0.76. Cable One has a 1 year low of $96.67 and a 1 year high of $360.30. The stock’s 50 day simple moving average is $119.80 and its two-hundred day simple moving average is $140.95. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38.

Cable One (NYSE:CABO) last released its 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 positive return on equity of 7.96% and a negative net margin of 29.78%.The firm had revenue of $376.01 million during the quarter, compared to the consensus estimate of $378.96 million. Research analysts predict that Cable One will post 32.08 earnings per share for the current year.

Cable One Company Profile

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.