Cable One (NYSE:CABO) Trading 10.1% Higher – Should You Buy?

Cable One, Inc. (NYSE:CABO) shares were up 10.1% during mid-day trading on Monday . The company traded as high as $91.50 and last traded at $89.1650. Approximately 75,597 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 159,405 shares. The stock had previously closed at $80.99.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CABO shares. JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Wells Fargo & Company reduced their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. Zacks Research raised Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $256.75.

Cable One Stock Up 11.7%

The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38. The firm’s 50-day moving average price is $107.08 and its 200 day moving average price is $135.16. The firm has a market cap of $569.08 million, a P/E ratio of -1.24 and a beta of 0.74.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $5.17 EPS for the quarter, missing the consensus estimate of $9.25 by ($4.08). The business had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. On average, equities research analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cable One

Hedge funds have recently modified their holdings of the stock. Wittenberg Investment Management Inc. acquired a new stake in shares of Cable One in the second quarter worth $1,892,000. Dynamic Technology Lab Private Ltd grew its holdings in shares of Cable One by 777.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 12,280 shares of the company’s stock worth $1,668,000 after purchasing an additional 10,880 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Cable One by 140.1% in the second quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock valued at $7,024,000 after purchasing an additional 30,854 shares in the last quarter. Hussman Strategic Advisors Inc. grew its position in shares of Cable One by 150.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock worth $1,426,000 after buying an additional 6,300 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Cable One in the second quarter valued at about $1,816,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.