JPMorgan Chase & Co. Cuts Cable One (NYSE:CABO) Price Target to $470.00

Cable One (NYSE:CABO) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $480.00 to $470.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.11% from the company’s current price.

Cable One Price Performance

NYSE:CABO traded up $4.74 during trading hours on Tuesday, hitting $408.30. 5,232 shares of the stock traded hands, compared to its average volume of 103,983. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 9.37 and a beta of 0.84. Cable One has a 1 year low of $311.28 and a 1 year high of $574.76. The stock has a 50 day moving average price of $348.51 and a 200 day moving average price of $362.17. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.87.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its position in shares of Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after buying an additional 95 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in Cable One during the second quarter valued at $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 valued at $53,000 after acquiring an additional 135 shares during the last quarter. KBC Group NV increased its holdings in shares of Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after purchasing an additional 50 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Cable One in the second quarter worth $65,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.