JPMorgan Chase & Co. Has Lowered Expectations for Cable One (NYSE:CABO) Stock Price

Cable One (NYSE:CABO) had its target price reduced by JPMorgan Chase & Co. from $175.00 to $145.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 34.44% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company lowered their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $256.75.

Cable One Trading Down 5.5%

Cable One stock opened at $107.86 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 1.88. Cable One has a 52 week low of $106.19 and a 52 week high of $436.99. The company has a market capitalization of $608.30 million, a price-to-earnings ratio of -1.32 and a beta of 0.86. The stock has a 50-day moving average price of $158.66 and a 200 day moving average price of $153.38.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $9.25 by ($4.08). The business had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%. Sell-side analysts anticipate that Cable One will post 32.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baupost Group LLC MA purchased a new stake in Cable One in the 3rd quarter worth $12,068,000. Marshall Wace LLP grew its position in shares of Cable One by 4.3% in the third quarter. Marshall Wace LLP now owns 146,318 shares of the company’s stock valued at $25,906,000 after purchasing an additional 6,000 shares during the period. Landscape Capital Management L.L.C. increased its stake in shares of Cable One by 87.0% during the third quarter. Landscape Capital Management L.L.C. now owns 45,859 shares of the company’s stock worth $8,119,000 after purchasing an additional 21,331 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Cable One during the 3rd quarter worth about $222,000. Finally, Parallel Advisors LLC raised its position in shares of Cable One by 2,288.9% during 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. Hedge funds and other institutional investors own 89.92% of the company’s stock.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.