Cable One (NYSE:CABO) Shares Up 8.2% – Should You Buy?

Cable One, Inc. (NYSE:CABO)’s share price shot up 8.2% on Thursday . The stock traded as high as $96.74 and last traded at $96.91. 56,912 shares were traded during mid-day trading, a decline of 64% from the average session volume of 158,235 shares. The stock had previously closed at $89.56.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CABO. Zacks Research upgraded Cable One from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. BNP Paribas Exane downgraded Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. Wells Fargo & Company dropped their price target on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. Finally, TD Cowen cut their price objective on shares of Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $114.25.

Cable One Stock Up 8.3%

The company’s 50 day simple moving average is $98.66 and its 200-day simple moving average is $121.36. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. The firm has a market cap of $550.05 million, a P/E ratio of -1.51 and a beta of 0.69.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $363.74 million during the quarter, compared to the consensus estimate of $368.59 million. Research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cable One

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in shares of Cable One by 172.6% in the 1st quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock worth $4,482,000 after buying an additional 10,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cable One by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after acquiring an additional 151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cable One by 16.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company’s stock valued at $4,589,000 after acquiring an additional 2,467 shares during the period. Creative Planning lifted its holdings in Cable One by 59.7% in the second quarter. Creative Planning now owns 3,238 shares of the company’s stock valued at $440,000 after acquiring an additional 1,210 shares during the period. Finally, Swiss National Bank boosted its position in Cable One by 4.6% in the second quarter. Swiss National Bank now owns 9,100 shares of the company’s stock worth $1,236,000 after purchasing an additional 400 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.