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

Key Points

• Cable One, Inc. has received a consensus recommendation of "Reduce" from analysts, with one sell rating and five hold ratings among six rating firms.
• The company's recent earnings report showed a loss of $5.00 per share, missing the consensus estimate by a significant margin, and it reported a negative net margin of 32.18%.
• Shares of Cable One opened at $160.83, reflecting a considerable decline from its 1-year high of $436.99, highlighting ongoing volatility in its stock performance.

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) have been assigned a consensus rating of "Reduce" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $279.25.

Several research analysts recently issued reports on CABO shares. BNP Paribas Exane raised Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 target price on the stock in a research report on Monday, June 16th. BNP Paribas raised Cable One from a "strong sell" rating to a "hold" rating in a research report on Monday, June 16th. Finally, Wells Fargo & Company reduced their target price on Cable One from $210.00 to $120.00 and set an "underweight" rating on the stock in a research report on Friday, August 1st.

Cable One Trading Down 2.3%

Shares of NYSE:CABO opened at $160.83 on Friday. The business's 50-day moving average is $154.30 and its 200 day moving average is $179.02. Cable One has a 1 year low of $117.54 and a 1 year high of $436.99. The firm has a market capitalization of $905.46 million, a P/E ratio of -1.82 and a beta of 0.81. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.37 and a quick ratio of 0.37.

Cable One (NYSE:CABO - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $3.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.23 by ($5.00). Cable One had a negative net margin of 32.18% and a positive return on equity of 8.40%. The business had revenue of $381.07 million for the quarter, compared to analyst estimates of $379.81 million. During the same period in the prior year, the company earned $10.29 earnings per share. On average, research analysts predict that Cable One will post 32.08 earnings per share for the current fiscal year.

Institutional Trading of Cable One

Several large investors have recently added to or reduced their stakes in CABO. Meeder Asset Management Inc. purchased a new stake in Cable One during the 1st quarter valued at about $30,000. Brooklyn Investment Group grew its stake in Cable One by 5,233.3% during the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company's stock valued at $43,000 after purchasing an additional 157 shares during the last quarter. Signaturefd LLC grew its stake in Cable One by 171.2% during the 2nd quarter. Signaturefd LLC now owns 320 shares of the company's stock valued at $43,000 after purchasing an additional 202 shares during the last quarter. State of Wyoming purchased a new stake in Cable One during the 2nd quarter valued at about $50,000. Finally, Farther Finance Advisors LLC grew its stake in Cable One by 1,435.7% during the 1st quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.