Cable One, Inc. (NYSE:CABO) Receives Average Rating of “Reduce” from Analysts

Shares of Cable One, Inc. (NYSE:CABO) have received a consensus rating of “Reduce” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $85.40.

Several equities analysts have recently commented on CABO shares. Zacks Research cut shares of Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Williams Trading set a $86.00 price objective on Cable One in a research note on Friday, August 7th. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $60.00 to $40.00 in a research note on Tuesday, July 14th. TD Cowen reduced their target price on Cable One from $111.00 to $86.00 and set a “hold” rating on the stock in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Cable One from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, August 26th.

Hedge Funds Weigh In On Cable One

Several large investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its stake in shares of Cable One by 0.3% in the fourth quarter. Public Sector Pension Investment Board now owns 48,580 shares of the company’s stock worth $5,482,000 after acquiring an additional 132 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Cable One by 34.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 520 shares of the company’s stock valued at $59,000 after purchasing an additional 133 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cable One by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after purchasing an additional 151 shares in the last quarter. US Bancorp DE grew its stake in Cable One by 128.1% in the third quarter. US Bancorp DE now owns 308 shares of the company’s stock valued at $55,000 after purchasing an additional 173 shares in the last quarter. Finally, Quarry LP increased its position in Cable One by 1,011.1% in the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after purchasing an additional 182 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Cable One Price Performance

CABO opened at $21.52 on Friday. The company has a 50-day moving average of $34.32 and a 200-day moving average of $61.68. The company has a market capitalization of $122.02 million, a P/E ratio of -0.12 and a beta of 0.48. Cable One has a 1-year low of $20.71 and a 1-year high of $180.74. The company has a debt-to-equity ratio of 9.27, a quick ratio of 0.48 and a current ratio of 0.48.

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.