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

Cable One, Inc. (NYSE:CABO) has received a consensus rating of “Reduce” from the eight analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $256.75.

Several research analysts have commented on CABO shares. JPMorgan Chase & Co. decreased their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Zacks Research cut shares of Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Finally, Wells Fargo & Company dropped their price target on Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th.

Cable One Trading Down 7.1%

NYSE CABO opened at $104.79 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.88. The stock’s 50-day simple moving average is $124.20 and its two-hundred day simple moving average is $141.75. Cable One has a twelve month low of $96.67 and a twelve month high of $384.11. The company has a market capitalization of $591.04 million, a price-to-earnings ratio of -1.29 and a beta of 0.76.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 90 shares in the last quarter. Quarry LP increased its holdings in shares of Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 182 shares in the last quarter. Parallel Advisors LLC raised its position 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 purchasing an additional 206 shares during the last quarter. Quantbot Technologies LP bought a new position in Cable One in the 3rd quarter worth about $39,000. Finally, Signaturefd LLC grew its position in Cable One by 171.2% during the 2nd quarter. Signaturefd LLC now owns 320 shares of the company’s stock valued at $43,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

About Cable One

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.