Cable One (NYSE:CABO) Trading 10.1% Higher – Time to Buy?

Cable One, Inc. (NYSE:CABO) was up 10.1% on Monday . The stock traded as high as $91.50 and last traded at $89.1650. Approximately 75,597 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 159,405 shares. The stock had previously closed at $80.99.

Wall Street Analyst Weigh In

Several brokerages have commented on CABO. JPMorgan Chase & Co. cut their price objective on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company decreased their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $256.75.

Cable One Stock Performance

The firm’s fifty day moving average price is $108.12 and its 200 day moving average price is $135.93. The firm has a market cap of $493.20 million, a P/E ratio of -1.07 and a beta of 0.76. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38.

Cable One (NYSE:CABO) last announced 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 analysts’ expectations of $378.96 million. Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. Sell-side analysts expect that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after acquiring an additional 90 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in Cable One by 7.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock worth $178,000 after buying an additional 96 shares during the last quarter. AlphaQuest LLC grew its stake in Cable One by 9.2% during the 3rd quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock worth $216,000 after buying an additional 103 shares during the last quarter. Federated Hermes Inc. increased its position in Cable One by 11.5% during the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock valued at $198,000 after buying an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Cable One by 107.3% in the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after buying an additional 132 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

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.