Cable One, Inc. (NYSE:CABO) Given Consensus Recommendation of “Reduce” by Analysts

Cable One, Inc. (NYSE:CABO) has received a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $85.40.

Several research firms have commented on CABO. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $60.00 to $40.00 in a report on Tuesday, July 14th. Zacks Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Cable One from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, August 26th. TD Cowen lowered their target price on shares of Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a report on Friday, August 7th. Finally, Williams Trading set a $86.00 target price on shares of Cable One in a report on Friday, August 7th.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Man Group plc purchased a new position in Cable One in the second quarter valued at about $4,972,000. Private Management Group Inc. increased its holdings 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 purchasing an additional 167,590 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Cable One during the 1st quarter worth approximately $3,395,000. Lee Danner & Bass Inc. raised its position in shares of Cable One by 218.7% in the 1st quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company’s stock valued at $1,947,000 after purchasing an additional 14,650 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Cable One during the 2nd quarter valued at approximately $1,072,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

Shares of NYSE:CABO opened at $21.52 on Friday. The company has a market cap of $122.02 million, a P/E ratio of -0.12 and a beta of 0.48. The business has a fifty day simple moving average of $34.32 and a 200-day simple moving average of $61.68. Cable One has a 52 week low of $20.71 and a 52 week high of $180.74. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 9.27.

Cable One Company Profile

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.