Cable One, Inc. (NYSE:CABO – Get Free Report) has received an average rating of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $80.00.
A number of equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Cable One from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. Wall Street Zen downgraded shares of Cable One from a “hold” rating to a “sell” rating in a research report on Saturday. BNP Paribas Exane dropped their target price on shares of Cable One from $40.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, September 29th. TD Cowen lowered their price target on Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Finally, Williams Trading set a $86.00 target price on Cable One in a report on Friday, August 7th.
Read Our Latest Analysis on Cable One
Cable One Stock Performance
Cable One stock opened at $4.33 on Friday. The firm has a market capitalization of $24.55 million, a PE ratio of -0.02 and a beta of 0.61. The firm’s 50 day simple moving average is $13.34 and its 200 day simple moving average is $55.12. Cable One has a 1-year low of $4.01 and a 1-year high of $137.99. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 9.27.
Cable One (NYSE:CABO – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($75.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.51 by ($80.17). The company had revenue of $332.15 million for the quarter, compared to analyst estimates of $341.27 million. Cable One had a negative net margin of 72.83% and a negative return on equity of 3.97%. As a group, analysts expect that Cable One will post 26.21 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cable One
A number of institutional investors have recently added to or reduced their stakes in CABO. Private Management Group Inc. lifted its position in Cable One by 55.1% during the 2nd quarter. Private Management Group Inc. now owns 471,990 shares of the company’s stock worth $25,067,000 after acquiring an additional 167,590 shares during the period. Man Group plc acquired a new stake in shares of Cable One during the 2nd quarter worth approximately $4,972,000. Pacer Advisors Inc. bought a new stake in Cable One during the first quarter worth $3,395,000. Susquehanna International Group LLP raised its holdings in Cable One by 626.5% in the 2nd quarter. Susquehanna International Group LLP now owns 40,336 shares of the company’s stock worth $2,142,000 after purchasing an additional 34,784 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Cable One during the second quarter valued at about $1,419,000. Institutional investors own 89.92% of the company’s stock.
Cable One Company Profile
Cable One, Inc is a broadband communications provider serving residential and business customers in smaller cities and rural communities across the United States. The company operates primarily under the Sparklight brand and provides connectivity services over its cable and fiber networks.
Its consumer offerings include high-speed internet, video entertainment and traditional voice services, along with related products such as Wi-Fi solutions and streaming-oriented television options. For business customers, Cable One provides internet access, data connectivity, communications services and other technology solutions designed for organizations of various sizes.
Cable One traces its history to the cable operations of Graham Holdings Company and became an independent publicly traded company in 2015.
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