Cable One (NYSE:CABO) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Cable One has been reissued a "Sell (D-)" rating by Weiss Ratings amid concerns over its stock performance and recent earnings miss.
• Analysts from Wells Fargo have significantly lowered their price target on Cable One from $210.00 to $120.00, while other brokerages have offered mixed ratings ranging from "strong sell" to "hold."
• The company's recent quarterly earnings reported an EPS of $3.23, falling short of the consensus estimate of $8.23, leading to a negative net margin of 32.18%.

Cable One (NYSE:CABO - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently weighed in on CABO. Wells Fargo & Company lowered 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. BNP Paribas upgraded Cable One from a "strong sell" rating to a "hold" rating in a research note on Monday, June 16th. Finally, BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 target price on the stock in a research note on Monday, June 16th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $279.25.

Cable One Stock Performance

CABO traded down $6.19 during trading on Wednesday, hitting $170.69. 105,181 shares of the stock were exchanged, compared to its average volume of 176,653. The firm has a market capitalization of $960.98 million, a P/E ratio of -1.93 and a beta of 0.87. Cable One has a 1-year low of $117.54 and a 1-year high of $436.99. The stock has a fifty day moving average price of $158.99 and a two-hundred day moving average price of $174.20. 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 released its quarterly earnings results 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 positive return on equity of 8.40% and a negative net margin of 32.18%.The firm had revenue of $381.07 million for the quarter, compared to analyst estimates of $379.81 million. During the same period last year, the firm earned $10.29 EPS. As a group, sell-side analysts predict that Cable One will post 32.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CABO. Meeder Asset Management Inc. acquired a new position in Cable One in the 1st quarter valued at about $30,000. Brooklyn Investment Group increased its stake in Cable One by 5,233.3% in the first 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 increased its stake in Cable One by 171.2% in the second 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 acquired a new position in Cable One in the second quarter valued at $50,000. Finally, Farther Finance Advisors LLC increased its stake in Cable One by 1,435.7% in the first 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. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Company Profile

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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