Brokerages Set Cable One, Inc. (NYSE:CABO) Target Price at $256.75

Cable One, Inc. (NYSE:CABO) has been assigned a consensus recommendation of “Reduce” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $256.75.

Several analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Finally, Zacks Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wittenberg Investment Management Inc. purchased a new position in shares of Cable One during the 2nd quarter worth $1,892,000. Dynamic Technology Lab Private Ltd grew its holdings in shares of Cable One by 777.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 12,280 shares of the company’s stock valued at $1,668,000 after purchasing an additional 10,880 shares during the period. Nordea Investment Management AB increased its position in Cable One by 140.1% during the second quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock worth $7,024,000 after purchasing an additional 30,854 shares during the last quarter. Hussman Strategic Advisors Inc. raised its stake in Cable One by 150.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock worth $1,426,000 after purchasing an additional 6,300 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Cable One during the second quarter worth about $1,816,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Trading Up 4.1%

Shares of CABO stock opened at $104.46 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market cap of $589.13 million, a price-to-earnings ratio of -1.28 and a beta of 0.76. The stock has a 50 day simple moving average of $121.75 and a 200-day simple moving average of $141.52. Cable One has a 1-year low of $96.67 and a 1-year high of $366.90.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, November 6th. The company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). The company had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. On average, equities research analysts expect that Cable One will post 32.08 EPS for the current fiscal 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.