Brokerages Set Cable One, Inc. (NYSE:CABO) Price Target at $256.75

Shares of Cable One, Inc. (NYSE:CABO) have been assigned an average rating of “Reduce” from the seven brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $245.50.

Several research analysts have recently weighed in on CABO shares. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Wells Fargo & Company reduced their target price on Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. BNP Paribas Exane lowered Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective on the stock. in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st.

Cable One Stock Performance

NYSE CABO opened at $90.62 on Monday. The business’s 50-day moving average price is $100.80 and its 200 day moving average price is $131.28. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.88. Cable One has a twelve month low of $70.37 and a twelve month high of $290.48. The company has a market capitalization of $511.10 million, a PE ratio of -1.11 and a beta of 0.74.

Hedge Funds Weigh In On Cable One

A number of hedge funds have recently made changes to their positions in the business. Baupost Group LLC MA acquired a new position in shares of Cable One during the 3rd quarter valued at $12,068,000. Burgundy Asset Management Ltd. lifted its stake in shares of Cable One by 18.0% during the second quarter. Burgundy Asset Management Ltd. now owns 474,730 shares of the company’s stock worth $64,473,000 after purchasing an additional 72,327 shares in the last quarter. Private Management Group Inc. lifted its stake in shares of Cable One by 1.4% during the fourth quarter. Private Management Group Inc. now owns 320,620 shares of the company’s stock worth $36,182,000 after purchasing an additional 4,375 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Cable One by 11.8% in the third quarter. DAVENPORT & Co LLC now owns 271,723 shares of the company’s stock worth $48,109,000 after buying an additional 28,761 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cable One by 20.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 147,470 shares of the company’s stock worth $16,642,000 after buying an additional 25,191 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

About Cable One

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.