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

Cable One, Inc. (NYSE:CABO) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $256.75.

CABO has been the subject of several research reports. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. dropped 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 note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company lowered their price target on Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a report on Friday, November 7th.

Cable One Stock Down 3.4%

Shares of NYSE CABO opened at $72.74 on Thursday. The business has a 50-day moving average price of $109.17 and a 200 day moving average price of $136.43. The stock has a market cap of $410.25 million, a PE ratio of -0.89 and a beta of 0.76. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.88. Cable One has a 52-week low of $70.37 and a 52-week high of $334.99.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, November 6th. The company reported $5.17 earnings per share 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 negative net margin of 29.78% and a positive return on equity of 7.96%. Equities research analysts forecast that Cable One will post 32.08 earnings per share for the current year.

Institutional Investors Weigh In On Cable One

Several large investors have recently modified their holdings of the stock. Caprock Group LLC lifted its holdings in shares of Cable One by 107.2% during the fourth quarter. Caprock Group LLC now owns 21,860 shares of the company’s stock worth $2,467,000 after purchasing an additional 11,310 shares during the period. Harbor Capital Advisors Inc. raised its position in Cable One by 18.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 927 shares of the company’s stock worth $105,000 after buying an additional 146 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Cable One by 129.7% in the 4th quarter. SG Americas Securities LLC now owns 10,123 shares of the company’s stock worth $1,142,000 after acquiring an additional 5,716 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Cable One by 31.7% in the fourth quarter. Nordea Investment Management AB now owns 72,159 shares of the company’s stock valued at $8,316,000 after acquiring an additional 17,353 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Cable One by 155.1% during the fourth quarter. GAMMA Investing LLC now owns 630 shares of the company’s stock worth $71,000 after acquiring an additional 383 shares during the period. Hedge funds and other 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.