Cable One (NYSE:CABO) Shares Up 6.6% - What's Next?

Cable One, Inc. (NYSE:CABO - Get Free Report) shot up 6.6% during trading on Tuesday . The stock traded as high as $144.52 and last traded at $144.80. 92,299 shares were traded during trading, a decline of 30% from the average session volume of 131,369 shares. The stock had previously closed at $135.87.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Raymond James lowered shares of Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th.

Cable One Stock Performance

The firm has a market cap of $759.62 million, a PE ratio of 3.12 and a beta of 0.82. The business has a 50 day simple moving average of $200.99 and a two-hundred day simple moving average of $279.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One (NYSE:CABO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping the consensus estimate of $12.21 by $0.11. The company had revenue of $380.60 million for the quarter, compared to the consensus estimate of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. As a group, equities research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cable One

A number of institutional investors have recently modified their holdings of CABO. Meeder Asset Management Inc. bought a new position in Cable One in the first quarter worth approximately $30,000. Brooklyn Investment Group lifted its holdings in shares of Cable One by 5,233.3% in the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company's stock worth $43,000 after buying an additional 157 shares during the period. AlphaQuest LLC bought a new position in shares of Cable One during the 4th quarter worth $49,000. Farther Finance Advisors LLC grew its position in shares of Cable One by 1,435.7% during the 1st quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock worth $58,000 after buying an additional 201 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after buying an additional 111 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.