Cable One (NYSE:CABO) Trading Up 4.6% – Time to Buy?

Cable One, Inc. (NYSE:CABO) shares shot up 4.6% on Thursday . The stock traded as high as $98.83 and last traded at $99.4550. 14,149 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 161,062 shares. The stock had previously closed at $95.11.

Wall Street Analysts Forecast Growth

CABO has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. TD Cowen lowered 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. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. Zacks Research raised Cable One from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Finally, BNP Paribas Exane cut Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Cable One presently has a consensus rating of “Reduce” and an average target price of $114.25.

Cable One Stock Up 2.5%

The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. The firm has a market cap of $553.00 million, a P/E ratio of -1.52 and a beta of 0.70. The stock’s fifty day moving average is $98.17 and its two-hundred day moving average is $126.24.

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

Institutional Trading of Cable One

A number of large investors have recently modified their holdings of CABO. EverSource Wealth Advisors LLC increased its position in shares of Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Quarry LP grew its stake in Cable One by 1,011.1% in the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after buying an additional 182 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Cable One by 2,288.9% in the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after buying an additional 206 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Cable One during the 3rd quarter valued at $39,000. Finally, Hantz Financial Services Inc. raised its position in shares of Cable One by 107.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after buying an additional 132 shares in the last quarter. Institutional investors 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.