Cable One (NYSE:CABO) Stock Price Up 9.3% – What’s Next?

Shares of Cable One, Inc. (NYSE:CABO) rose 9.3% on Wednesday . The stock traded as high as $114.35 and last traded at $112.89. Approximately 76,399 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 158,597 shares. The stock had previously closed at $103.29.

Analysts Set New Price Targets

Several research firms have recently commented on CABO. Wells Fargo & Company cut their price target 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. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. reduced their target price 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 reaffirmed a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $256.75.

Cable One Price Performance

The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38. The stock’s fifty day moving average price is $104.60 and its 200-day moving average price is $132.86. The firm has a market cap of $647.77 million, a PE ratio of -1.41 and a beta of 0.74.

Hedge Funds Weigh In On Cable One

Several hedge funds have recently bought and sold shares of CABO. Baupost Group LLC MA purchased a new stake in Cable One during the third quarter worth $12,068,000. Private Management Group Inc. raised its stake in shares of Cable One by 103.9% during the 2nd quarter. Private Management Group Inc. now owns 311,131 shares of the company’s stock worth $42,255,000 after buying an additional 158,564 shares during the last quarter. Goldentree Asset Management LP acquired a new position in shares of Cable One during the 3rd quarter worth $13,033,000. Burgundy Asset Management Ltd. boosted its position in shares of Cable One by 18.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 474,730 shares of the company’s stock worth $64,473,000 after buying an additional 72,327 shares in the last quarter. Finally, Norges Bank acquired a new stake in Cable One in the 2nd quarter valued at about $8,336,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

About Cable One

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.