Cable One, Inc. (NYSE:CABO) Given Average Recommendation of “Strong Sell” by Analysts

Shares of Cable One, Inc. (NYSE:CABO) have been given an average recommendation of “Strong Sell” by the six brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $101.50.

Several brokerages have recently issued reports on CABO. TD Cowen decreased their price target on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company decreased their price target on Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research note on Monday, April 20th. Finally, Zacks Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th.

Institutional Investors Weigh In On Cable One

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in shares of Cable One by 31.7% during the 4th 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. Goldentree Asset Management LP acquired a new stake in shares of Cable One during the 3rd quarter valued at $13,033,000. Landscape Capital Management L.L.C. boosted its holdings in shares of Cable One by 87.0% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 45,859 shares of the company’s stock valued at $8,119,000 after acquiring an additional 21,331 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of Cable One by 107.2% during the 4th quarter. Caprock Group LLC now owns 21,860 shares of the company’s stock valued at $2,467,000 after acquiring an additional 11,310 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Cable One by 129.7% during the 4th quarter. SG Americas Securities LLC now owns 10,123 shares of the company’s stock valued at $1,142,000 after acquiring an additional 5,716 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Trading Up 28.9%

Shares of CABO opened at $52.39 on Friday. Cable One has a 52-week low of $39.52 and a 52-week high of $180.74. The business’s fifty day moving average is $61.41 and its 200-day moving average is $88.32. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $297.03 million, a price-to-earnings ratio of -0.90 and a beta of 0.55.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $359.59 million. Equities analysts anticipate that Cable One will post 29.89 EPS for the current fiscal 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.