Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) have been assigned an average recommendation of "Reduce" from the six ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $101.50.
Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Cable One from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 16th. TD Cowen cut their price objective on shares of Cable One from $142.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, May 1st. Weiss Ratings restated a "sell (d-)" rating on shares of Cable One in a report on Monday, April 20th. BNP Paribas Exane downgraded shares of Cable One from a "neutral" rating to an "underperform" rating and set a $80.00 price objective on the stock. in a report on Tuesday, February 24th. Finally, Wells Fargo & Company cut their price objective on shares of Cable One from $90.00 to $70.00 and set an "underweight" rating on the stock in a report on Friday, May 1st.
Check Out Our Latest Stock Analysis on CABO
Hedge Funds Weigh In On Cable One
Several hedge funds have recently modified their holdings of CABO. Baupost Group LLC MA acquired a new position in shares of Cable One during the third quarter valued at about $12,068,000. Goldentree Asset Management LP acquired a new position in shares of Cable One during the third quarter valued at about $13,033,000. Balyasny Asset Management L.P. increased its holdings in shares of Cable One by 912.7% during the second quarter. Balyasny Asset Management L.P. now owns 57,297 shares of the company's stock valued at $7,782,000 after acquiring an additional 51,639 shares in the last quarter. Man Group plc increased its holdings in shares of Cable One by 669.3% during the fourth quarter. Man Group plc now owns 51,300 shares of the company's stock valued at $5,789,000 after acquiring an additional 44,632 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Cable One in the 2nd quarter worth approximately $4,822,000. Institutional investors and hedge funds own 89.92% of the company's stock.
Cable One Stock Performance
CABO stock opened at $62.21 on Friday. The firm has a market cap of $352.72 million, a price-to-earnings ratio of -1.07 and a beta of 0.68. The firm has a 50-day simple moving average of $98.15 and a two-hundred day simple moving average of $108.83. Cable One has a one year low of $53.94 and a one year high of $180.74. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.75 and a current ratio of 1.75.
Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $6.12 EPS for the quarter, missing the consensus estimate of $7.77 by ($1.65). The firm had revenue of $352.96 million for the quarter, compared to analysts' expectations of $359.59 million. Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. On average, equities analysts forecast that Cable One will post 30.57 EPS for the current fiscal year.
Cable One Company Profile
(
Get Free Report)
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.
Further Reading
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