Cable One, Inc. (NYSE:CABO) Given Consensus Rating of “Strong Sell” by Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have earned a consensus recommendation of “Strong Sell” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $101.50.

CABO has been the subject of several recent research reports. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a research report on Tuesday, February 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Monday, April 20th. TD Cowen decreased their price objective on Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a report on Friday, May 1st. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Finally, Wells Fargo & Company decreased their price objective on Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, May 1st.

Cable One Stock Down 0.9%

Shares of CABO opened at $50.86 on Wednesday. Cable One has a 52 week low of $45.37 and a 52 week high of $180.74. The stock has a market capitalization of $288.36 million, a price-to-earnings ratio of -0.87 and a beta of 0.55. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a fifty day moving average of $80.15 and a 200-day moving average of $97.25.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.77 by ($1.65). Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. The business had revenue of $352.96 million during the quarter, compared to analyst estimates of $359.59 million. As a group, sell-side analysts anticipate that Cable One will post 30.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cable One

A number of hedge funds and other institutional investors have recently made changes to their positions in CABO. AQR Capital Management LLC lifted its stake in shares of Cable One by 172.6% in the first quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock worth $4,482,000 after acquiring an additional 10,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cable One by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock worth $893,000 after acquiring an additional 151 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Cable One by 16.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company’s stock worth $4,589,000 after acquiring an additional 2,467 shares during the period. Creative Planning lifted its stake in shares of Cable One by 59.7% in the second quarter. Creative Planning now owns 3,238 shares of the company’s stock worth $440,000 after acquiring an additional 1,210 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Cable One by 16,600.0% in the second quarter. Federated Hermes Inc. now owns 1,002 shares of the company’s stock worth $136,000 after acquiring an additional 996 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

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.