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

Cable One, Inc. (NYSE:CABO) has received an average rating of “Reduce” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $91.50.

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

Cable One Trading Down 4.8%

Shares of CABO stock opened at $41.72 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09. Cable One has a twelve month low of $33.38 and a twelve month high of $180.74. The company’s 50-day moving average price is $44.94 and its 200-day moving average price is $75.65. The stock has a market cap of $236.66 million, a price-to-earnings ratio of -0.71 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.77 by ($1.65). Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.The firm had revenue of $352.96 million for the quarter, compared to analyst estimates of $359.59 million. As a group, equities analysts predict that Cable One will post 29.89 earnings per share for the current year.

Institutional Trading of Cable One

Several institutional investors have recently added to or reduced their stakes in CABO. Pacer Advisors Inc. acquired a new position in Cable One during the first quarter worth $3,395,000. Renaissance Technologies LLC lifted its stake in Cable One by 18.5% during the 1st quarter. Renaissance Technologies LLC now owns 53,900 shares of the company’s stock worth $4,916,000 after acquiring an additional 8,400 shares in the last quarter. Fifth Third Bancorp lifted its stake in Cable One by 3,100.0% during the 1st quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock worth $102,000 after acquiring an additional 1,085 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Cable One in the first quarter valued at approximately $294,000. Finally, Lee Danner & Bass Inc. increased its stake in Cable One by 218.7% during the 1st quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company’s stock worth $1,947,000 after buying an additional 14,650 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.