Cable One (NYSE:CABO) Stock Price Up 7.3% – Still a Buy?

Cable One, Inc. (NYSE:CABO) shot up 7.3% on Wednesday . The company traded as high as $109.15 and last traded at $110.45. 48,063 shares were traded during mid-day trading, a decline of 70% from the average session volume of 162,089 shares. The stock had previously closed at $102.94.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CABO shares. TD Cowen reduced their target price on shares of Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a report on Friday, February 27th. BNP Paribas Exane lowered shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research report on Tuesday, February 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company lowered their target price on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research note on Friday, February 27th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $114.25.

Cable One Stock Up 8.3%

The firm has a fifty day simple moving average of $97.93 and a 200 day simple moving average of $128.22. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $632.43 million, a PE ratio of -1.74 and a beta of 0.70.

Cable One (NYSE:CABO) last released its earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $7.60 by ($8.95). Cable One had a positive return on equity of 7.36% and a negative net margin of 23.74%.The company had revenue of $363.74 million during the quarter, compared to analyst estimates of $368.59 million. Equities research analysts predict that Cable One, Inc. will post 32.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CABO. Baupost Group LLC MA acquired a new stake in Cable One during the third quarter worth about $12,068,000. Burgundy Asset Management Ltd. lifted its stake 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 valued at $64,473,000 after purchasing an additional 72,327 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Cable One by 1.4% during the 4th quarter. Private Management Group Inc. now owns 320,620 shares of the company’s stock worth $36,182,000 after purchasing an additional 4,375 shares during the period. DAVENPORT & Co LLC increased its position in Cable One by 11.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 271,723 shares of the company’s stock worth $48,109,000 after purchasing an additional 28,761 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Cable One by 20.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 147,470 shares of the company’s stock worth $16,642,000 after purchasing an additional 25,191 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.