Cable One, Inc. (NYSE:CABO) Receives Average Rating of “Reduce” from Analysts

Cable One, Inc. (NYSE:CABO) has been assigned a consensus rating of “Reduce” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $101.50.

A number of research analysts recently issued reports on CABO shares. Wells Fargo & Company dropped their price target on Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Monday, April 20th. TD Cowen dropped their price target on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. BNP Paribas Exane downgraded Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target on the stock. in a research note on Tuesday, February 24th. Finally, Zacks Research downgraded Cable One from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in Cable One by 31.7% during the 4th quarter. Nordea Investment Management AB now owns 72,159 shares of the company’s stock worth $8,316,000 after buying an additional 17,353 shares during the last quarter. Caprock Group LLC purchased a new position in shares of Cable One in the 3rd quarter valued at approximately $1,704,000. Goldentree Asset Management LP purchased a new position in shares of Cable One in the 3rd quarter valued at approximately $13,033,000. Landscape Capital Management L.L.C. grew its stake in shares of Cable One by 87.0% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 45,859 shares of the company’s stock valued at $8,119,000 after purchasing an additional 21,331 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Cable One by 15.9% in the 3rd quarter. Principal Financial Group Inc. now owns 34,440 shares of the company’s stock valued at $6,098,000 after purchasing an additional 4,730 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

Shares of Cable One stock opened at $48.95 on Friday. The firm has a market capitalization of $277.53 million, a P/E ratio of -0.84 and a beta of 0.68. Cable One has a 52 week low of $47.26 and a 52 week high of $180.74. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.09. The firm’s 50 day moving average is $92.50 and its two-hundred day moving average is $104.67.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, April 30th. The company reported $6.12 EPS for the quarter, missing the consensus estimate of $7.77 by ($1.65). The company had revenue of $352.96 million during the quarter, compared to analysts’ expectations of $359.59 million. Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. Research analysts forecast that Cable One will post 30.57 EPS for the current fiscal 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.