Cable One, Inc. (NYSE:CABO) Receives $533.33 Consensus Target Price from Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have received an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $531.67.

Separately, JPMorgan Chase & Co. cut their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th.

Institutional Trading of Cable One

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc increased its holdings in Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after purchasing an additional 95 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in Cable One in the 2nd quarter worth about $45,000. GAMMA Investing LLC increased its holdings in Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after purchasing an additional 135 shares in the last quarter. KBC Group NV increased its holdings in Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after purchasing an additional 50 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after purchasing an additional 29 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Cable One Stock Performance

NYSE:CABO opened at $396.74 on Tuesday. The stock has a fifty day moving average price of $354.09 and a 200-day moving average price of $362.48. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 9.18 and a beta of 0.84. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.81 and a current ratio of 0.93. Cable One has a fifty-two week low of $311.28 and a fifty-two week high of $574.76.

About Cable One

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.