Cable One (NYSE:CABO) Shares Up 7.3% – What’s Next?

Cable One, Inc. (NYSE:CABO)’s share price traded up 7.3% on Wednesday . The company traded as high as $109.15 and last traded at $110.45. 48,063 shares were traded during mid-day trading, a decline of 70% from the average session volume of 162,089 shares. The stock had previously closed at $102.94.

Wall Street Analysts Forecast Growth

CABO has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research report on Friday, February 27th. TD Cowen cut their price target on Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a research note on Friday, February 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. BNP Paribas Exane downgraded Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research note on Tuesday, February 24th. Finally, Zacks Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Five equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $114.25.

Cable One Stock Performance

The company has a debt-to-equity ratio of 1.81, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average price is $97.93 and its 200 day moving average price is $128.01. The company has a market cap of $642.71 million, a PE ratio of -1.77 and a beta of 0.70.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of $7.60 by ($8.95). Cable One had a positive return on equity of 7.36% and a negative net margin of 23.74%.The firm had revenue of $363.74 million for the quarter, compared to analysts’ expectations of $368.59 million. On average, equities research analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current year.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently modified their holdings of CABO. Wittenberg Investment Management Inc. purchased a new stake in Cable One during the second quarter valued at about $1,892,000. Dynamic Technology Lab Private Ltd boosted its position in Cable One by 777.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 12,280 shares of the company’s stock worth $1,668,000 after purchasing an additional 10,880 shares during the period. Caprock Group LLC purchased a new position in shares of Cable One in the third quarter worth about $1,704,000. Squarepoint Ops LLC bought a new stake in shares of Cable One in the second quarter valued at approximately $1,816,000. Finally, Marshall Wace LLP raised its position in shares of Cable One by 74.7% in the second quarter. Marshall Wace LLP now owns 140,318 shares of the company’s stock valued at $19,057,000 after purchasing an additional 60,012 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.