Cable One (NYSE:CABO) Stock Price Up 7.6% – Still a Buy?

Shares of Cable One, Inc. (NYSE:CABO) rose 7.6% during mid-day trading on Wednesday . The stock traded as high as $128.67 and last traded at $129.11. Approximately 38,217 shares were traded during trading, a decline of 77% from the average daily volume of 166,680 shares. The stock had previously closed at $120.03.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Zacks Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Wells Fargo & Company reduced their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Five equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Cable One has a consensus rating of “Reduce” and a consensus target price of $256.75.

Cable One Stock Up 11.1%

The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.88. The stock has a 50 day simple moving average of $139.26 and a 200 day simple moving average of $144.00. The firm has a market capitalization of $751.92 million, a PE ratio of -1.64 and a beta of 0.79.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, November 6th. The company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The company had revenue of $376.01 million for the quarter, compared to analysts’ expectations of $378.96 million. As a group, sell-side analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current year.

Hedge Funds Weigh In On Cable One

Several hedge funds and other institutional investors have recently modified their holdings of CABO. EverSource Wealth Advisors LLC raised its position in Cable One by 180.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after purchasing an additional 90 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Cable One by 7.9% during the second 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 in the last quarter. AlphaQuest LLC raised its holdings in shares of Cable One by 9.2% during the third quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock valued at $216,000 after acquiring an additional 103 shares in the last quarter. Federated Hermes Inc. lifted its stake in Cable One by 11.5% in the third quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock worth $198,000 after acquiring an additional 115 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in Cable One by 107.3% in the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after acquiring an additional 132 shares in the last quarter. 89.92% of the stock is owned by 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.