Cable One (NYSE:CABO) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Cable One (NYSE:CABO) from a strong sell rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also commented on CABO. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped 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. Finally, Wells Fargo & Company cut their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cable One currently has a consensus rating of “Reduce” and a consensus price target of $256.75.

Cable One Stock Performance

CABO traded up $3.14 on Monday, reaching $96.10. The stock had a trading volume of 15,602 shares, compared to its average volume of 146,120. Cable One has a 12-month low of $91.25 and a 12-month high of $345.39. 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 business’s 50-day moving average price is $116.88 and its two-hundred day moving average price is $140.41. The company has a market cap of $542.00 million, a P/E ratio of -1.17 and a beta of 0.76.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wittenberg Investment Management Inc. purchased a new stake in shares of Cable One in the second quarter valued at about $1,892,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Cable One by 777.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 12,280 shares of the company’s stock valued at $1,668,000 after buying an additional 10,880 shares during the period. Nordea Investment Management AB increased its holdings in shares of Cable One by 140.1% during the 2nd quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock worth $7,024,000 after buying an additional 30,854 shares during the last quarter. Hussman Strategic Advisors Inc. raised its position in shares of Cable One by 150.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock valued at $1,426,000 after buying an additional 6,300 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Cable One in the second quarter valued at approximately $1,816,000. 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.