JPMorgan Chase & Co. Lowers Cable One (NYSE:CABO) Price Target to $222.00

Cable One (NYSE:CABO - Get Free Report) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $325.00 to $222.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 33.86% from the stock's current price.

CABO has been the topic of several other reports. Wells Fargo & Company reduced their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th. KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Finally, Raymond James downgraded Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd.

Cable One Stock Down 4.1 %

NYSE CABO traded down $7.17 during trading hours on Tuesday, reaching $165.85. 188,630 shares of the company's stock traded hands, compared to its average volume of 120,846. Cable One has a 52-week low of $150.00 and a 52-week high of $437.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $933.40 million, a PE ratio of 3.84 and a beta of 1.00. The firm has a 50-day simple moving average of $249.81 and a 200 day simple moving average of $314.67.

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

Insiders Place Their Bets

In other news, Director Wallace R. Weitz acquired 1,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the purchase, the director now owns 5,584 shares of the company's stock, valued at $1,362,607.68. This represents a 21.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CABO. Meeder Asset Management Inc. purchased a new position in shares of Cable One in the 1st quarter valued at about $30,000. AlphaQuest LLC purchased a new stake in shares of Cable One during the 4th quarter worth $49,000. Sound Income Strategies LLC acquired a new position in shares of Cable One during the fourth quarter worth $50,000. Federated Hermes Inc. lifted its holdings in Cable One by 201.8% during the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after buying an additional 111 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted 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 acquiring an additional 201 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.