Cable One, Inc. (NYSE:CABO) Receives Average Recommendation of “Reduce” from Analysts

Shares of Cable One, Inc. (NYSE:CABO) have received a consensus rating of “Reduce” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $279.25.

A number of research firms have weighed in on CABO. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on Cable One from $210.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st.

Hedge Funds Weigh In On Cable One

A number of large investors have recently made changes to their positions in the business. Spire Wealth Management increased its position in shares of Cable One by 21.3% during the first quarter. Spire Wealth Management now owns 382 shares of the company’s stock worth $102,000 after purchasing an additional 67 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Cable One by 7.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock valued at $178,000 after acquiring an additional 96 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Cable One in the 1st quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cable One by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after acquiring an additional 151 shares during the period. Finally, Brooklyn Investment Group increased its position 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 valued at $43,000 after acquiring an additional 157 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Stock Up 2.0%

Cable One stock opened at $167.24 on Tuesday. The business has a fifty day moving average of $163.53 and a two-hundred day moving average of $166.93. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.16. The firm has a market cap of $941.58 million, a P/E ratio of -1.89 and a beta of 0.87. Cable One has a twelve month low of $117.54 and a twelve month high of $436.99.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, July 31st. The company reported $3.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.23 by ($5.00). The company had revenue of $381.07 million for the quarter, compared to analysts’ expectations of $379.81 million. Cable One had a positive return on equity of 8.40% and a negative net margin of 32.18%.During the same quarter in the prior year, the company earned $10.29 EPS. On average, analysts forecast that Cable One will post 32.08 earnings per share for the current fiscal year.

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.