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

Shares of Cable One, Inc. (NYSE:CABO) have been assigned an average rating of “Reduce” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $91.50.

Several equities analysts recently issued reports on CABO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Friday, July 17th. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $60.00 to $40.00 in a research report on Tuesday, July 14th. Zacks Research raised Cable One from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Wells Fargo & Company decreased their price objective on Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Finally, TD Cowen lowered their price objective on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, May 1st.

Institutional Investors Weigh In On Cable One

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP lifted its stake in Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after purchasing an additional 182 shares during the period. Parallel Advisors LLC grew its position in Cable One by 2,288.9% in the third 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 acquired a new position in Cable One during the third quarter worth $39,000. US Bancorp DE raised its stake in Cable One by 128.1% during the third quarter. US Bancorp DE now owns 308 shares of the company’s stock worth $55,000 after acquiring an additional 173 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Cable One during the second quarter valued at $50,000. Institutional investors own 89.92% of the company’s stock.

Cable One Trading Up 5.6%

Shares of Cable One stock opened at $39.74 on Thursday. Cable One has a 1 year low of $33.38 and a 1 year high of $180.74. The company’s fifty day simple moving average is $45.11 and its 200-day simple moving average is $76.46. The company has a market cap of $225.34 million, a price-to-earnings ratio of -0.68 and a beta of 0.53. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09.

Cable One (NYSE:CABO) last released its earnings results on Thursday, April 30th. The company reported $6.12 EPS for the quarter, missing the consensus estimate of $7.77 by ($1.65). The company had revenue of $352.96 million for the quarter, compared to analyst estimates of $359.59 million. Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. As a group, sell-side analysts expect that Cable One will post 29.89 EPS for the current year.

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.