Brokerages Set Cable One, Inc. (NYSE:CABO) PT at $101.50

Shares of Cable One, Inc. (NYSE:CABO) have been given an average rating of “Strong Sell” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $101.50.

A number of analysts have commented on the stock. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 target price for the company. in a report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Monday, April 20th. TD Cowen lowered their target price on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company lowered their target price on Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, May 1st.

Institutional Investors Weigh In On Cable One

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in Cable One by 18.5% in the 1st quarter. Renaissance Technologies LLC now owns 53,900 shares of the company’s stock worth $4,916,000 after acquiring an additional 8,400 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Cable One by 3,100.0% during the 1st quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock valued at $102,000 after buying an additional 1,085 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Cable One during the 1st quarter valued at $294,000. Lee Danner & Bass Inc. lifted its stake in shares of Cable One by 218.7% during the 1st quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company’s stock valued at $1,947,000 after buying an additional 14,650 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Cable One during the 1st quarter valued at $730,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Stock Down 1.2%

Shares of CABO stock opened at $41.87 on Wednesday. Cable One has a 12 month low of $41.01 and a 12 month high of $180.74. The stock has a market cap of $237.42 million, a P/E ratio of -0.72 and a beta of 0.55. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09. The company has a 50 day simple moving average of $74.30 and a two-hundred day simple moving average of $94.65.

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