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

Key Points

• Cable One, Inc. has received a consensus recommendation of "Reduce" from seven brokerages, with two analysts rating the stock as a sell and five as hold.
• The company's latest earnings report showed an EPS of $3.23, significantly missing the consensus estimate of $8.23, amidst a negative net margin of 32.18%.
• Wells Fargo reduced its target price for Cable One from $210.00 to $120.00, indicating an underweight rating for the stock.

Cable One, Inc. (NYSE:CABO - Get Free Report) has been assigned an average recommendation of "Reduce" from the seven brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $279.25.

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cable One in a report on Wednesday, October 8th. Wells Fargo & Company cut their target price on Cable One from $210.00 to $120.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st.

Cable One Price Performance

Shares of Cable One stock opened at $167.24 on Tuesday. The stock's 50-day simple moving average is $163.53 and its 200-day simple moving average is $166.93. Cable One has a 52 week low of $117.54 and a 52 week high of $436.99. The company has a market capitalization of $941.58 million, a price-to-earnings ratio of -1.89 and a beta of 0.87. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.16.

Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $3.23 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 during the quarter, compared to analysts' expectations of $379.81 million. During the same quarter in the previous year, the firm earned $10.29 earnings per share. As a group, analysts expect that Cable One will post 32.08 earnings per share for the current fiscal year.

Institutional Trading of Cable One

Large investors have recently modified their holdings of the company. Kingsview Wealth Management LLC boosted its holdings in shares of Cable One by 19.8% in the first quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company's stock valued at $7,534,000 after purchasing an additional 4,689 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Cable One by 16.8% in the first quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company's stock valued at $18,631,000 after purchasing an additional 9,989 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Cable One by 47.9% in the first quarter. Brown Advisory Inc. now owns 131,576 shares of the company's stock valued at $34,969,000 after purchasing an additional 42,606 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Cable One by 14,346.4% in the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company's stock valued at $15,895,000 after purchasing an additional 59,394 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Cable One by 294.0% in the first quarter. Public Sector Pension Investment Board now owns 45,164 shares of the company's stock valued at $12,003,000 after purchasing an additional 33,702 shares during the period. 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.

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