Cable One, Inc. (NYSE:CABO) Receives Consensus Rating of “Hold” from Brokerages

Cable One, Inc. (NYSE:CABO) has been given an average recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $531.67.

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

Institutional Investors Weigh In On Cable One

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in Cable One by 880.9% during the first quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after purchasing an additional 13,354 shares during the period. Vanguard Group Inc. grew its stake in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after purchasing an additional 48,513 shares during the period. Private Management Group Inc. grew its stake in Cable One by 70.7% during the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after purchasing an additional 47,082 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Cable One during the first quarter worth approximately $7,068,000. Finally, Public Sector Pension Investment Board acquired a new stake in Cable One during the second quarter worth approximately $3,554,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Trading Down 0.2 %

Shares of CABO stock opened at $396.74 on Tuesday. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 9.18 and a beta of 0.84. The stock has a 50-day moving average of $354.09 and a 200-day moving average of $362.48. The company has a current ratio of 0.93, a quick ratio of 1.81 and a debt-to-equity ratio of 1.84. Cable One has a 1-year low of $311.28 and a 1-year 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.