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

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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP raised its position in Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after purchasing an additional 182 shares during the period. Parallel Advisors LLC lifted its stake 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 purchasing an additional 206 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Cable One in the 3rd quarter worth approximately $39,000. US Bancorp DE boosted its holdings in shares of Cable One by 128.1% in the 3rd quarter. US Bancorp DE now owns 308 shares of the company’s stock worth $55,000 after purchasing an additional 173 shares during the period. Finally, State of Wyoming bought a new position in shares of Cable One during the 2nd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of Cable One stock opened at $39.68 on Thursday. The stock’s 50-day simple moving average is $45.78 and its 200-day simple moving average is $77.83. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.09. Cable One has a 52 week low of $33.38 and a 52 week high of $180.74. The company has a market capitalization of $224.97 million, a price-to-earnings ratio of -0.68 and a beta of 0.53.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, April 30th. The company reported $6.12 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 company had revenue of $352.96 million for the quarter, compared to the consensus estimate of $359.59 million. As a group, analysts expect that Cable One will post 29.89 earnings per share 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.