Cable One, Inc. (NYSE:CABO) Stock Has Consensus Price Target of $80.00

Shares of Cable One, Inc. (NYSE:CABO) have been assigned an average recommendation of “Reduce” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $80.00.

A number of equities analysts have recently commented on CABO shares. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. TD Cowen lowered their target price on shares of Cable One from $111.00 to $86.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. Wall Street Zen raised shares of Cable One from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Williams Trading set a $86.00 price target on shares of Cable One in a research note on Friday, August 7th. Finally, Weiss Ratings raised Cable One from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd.

Institutional Trading of Cable One

Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in Cable One during the second quarter worth $34,000. Squarepoint Ops LLC acquired a new stake in shares of Cable One in the 2nd quarter valued at $1,203,000. Corient Private Wealth LP boosted its stake in shares of Cable One by 34.9% in the 2nd quarter. Corient Private Wealth LP now owns 16,807 shares of the company’s stock valued at $893,000 after purchasing an additional 4,351 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of Cable One by 626.5% in the 2nd quarter. Susquehanna International Group LLP now owns 40,336 shares of the company’s stock worth $2,142,000 after purchasing an additional 34,784 shares during the last quarter. Finally, Private Management Group Inc. increased its position in shares of Cable One by 55.1% during the 2nd quarter. Private Management Group Inc. now owns 471,990 shares of the company’s stock worth $25,067,000 after purchasing an additional 167,590 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Up 2.1%

Shares of CABO stock opened at $5.43 on Friday. The stock has a market cap of $30.79 million, a P/E ratio of -0.03 and a beta of 0.52. Cable One has a one year low of $4.36 and a one year high of $148.77. The stock has a fifty day moving average price of $15.23 and a 200 day moving average price of $57.21. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48.

Cable One Company Profile

Cable One, Inc is a broadband communications provider serving residential and business customers in smaller cities and rural communities across the United States. The company operates primarily under the Sparklight brand and provides connectivity services over its cable and fiber networks.

Its consumer offerings include high-speed internet, video entertainment and traditional voice services, along with related products such as Wi-Fi solutions and streaming-oriented television options. For business customers, Cable One provides internet access, data connectivity, communications services and other technology solutions designed for organizations of various sizes.

Cable One traces its history to the cable operations of Graham Holdings Company and became an independent publicly traded company in 2015.