Cable One, Inc. (NYSE:CABO) Given Average Recommendation of “Reduce” by Brokerages

Cable One, Inc. (NYSE:CABO) has received an average recommendation of “Reduce” from the eight brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $114.25.

Several equities analysts recently issued reports on the company. Zacks Research raised shares of Cable One from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Wells Fargo & Company cut their price target on Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a report on Friday, February 27th. BNP Paribas Exane cut Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research report on Tuesday, February 24th. Finally, TD Cowen decreased their price objective on Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a report on Friday, February 27th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in Cable One by 180.0% during the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after buying an additional 90 shares during the last quarter. Quarry LP lifted its stake in Cable One by 1,011.1% in the third quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 182 shares during the last quarter. Parallel Advisors LLC grew 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 valued at $38,000 after acquiring an additional 206 shares during the period. Quantbot Technologies LP bought a new position in shares of Cable One in the 3rd quarter valued at about $39,000. Finally, Hantz Financial Services Inc. increased its stake 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 worth $45,000 after purchasing an additional 132 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Stock Performance

CABO stock opened at $97.02 on Friday. The business’s fifty day moving average is $98.14 and its 200-day moving average is $126.04. The company has a market cap of $550.09 million, a P/E ratio of -1.51 and a beta of 0.70. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.81. Cable One has a twelve month low of $70.37 and a twelve month high of $277.96.

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

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.