Cable One, Inc. (NYSE:CABO) Stock Has Average Price Target of $80.00

Shares of Cable One, Inc. (NYSE:CABO) have received an average rating of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $80.00.

A number of equities research analysts have commented on CABO shares. Williams Trading set a $86.00 target price on Cable One in a research report on Friday, August 7th. Zacks Research cut Cable One from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. TD Cowen cut their price objective on Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Cable One from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Finally, BNP Paribas Exane decreased their target price on shares of Cable One from $40.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th.

Hedge Funds Weigh In On Cable One

Several institutional investors have recently bought and sold shares of CABO. Integrated Wealth Concepts LLC purchased a new stake in Cable One during the second quarter worth about $34,000. Squarepoint Ops LLC purchased a new position in shares of Cable One in the second quarter valued at approximately $1,203,000. Corient Private Wealth LP boosted its stake in shares of Cable One by 34.9% in the second quarter. Corient Private Wealth LP now owns 16,807 shares of the company’s stock valued at $893,000 after purchasing an additional 4,351 shares during the period. Susquehanna International Group LLP grew its holdings in shares of Cable One by 626.5% in the second quarter. Susquehanna International Group LLP now owns 40,336 shares of the company’s stock valued at $2,142,000 after purchasing an additional 34,784 shares in the last quarter. Finally, Private Management Group Inc. grew its holdings in shares of Cable One by 55.1% in the second quarter. Private Management Group Inc. now owns 471,990 shares of the company’s stock valued at $25,067,000 after purchasing an additional 167,590 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Trading Up 18.5%

CABO opened at $15.65 on Tuesday. The stock has a market capitalization of $88.74 million, a PE ratio of -0.08 and a beta of 0.52. Cable One has a one year low of $9.90 and a one year high of $172.06. The company has a debt-to-equity ratio of 9.27, a quick ratio of 0.48 and a current ratio of 0.48. The business’s 50 day moving average price is $24.24 and its 200 day moving average price is $49.24.

About Cable One

Cable One, Inc (NYSE: CABO) is a broadband communications provider serving residential and business customers in communities across the United States. The company operates primarily through the Sparklight brand and provides high-speed internet, video and voice services, along with related communications solutions.

For residential customers, Cable One offers broadband internet access, television programming and digital phone services. Its business operations provide internet connectivity, data transport, voice services, managed solutions and other telecommunications products to small and medium-sized businesses, enterprise customers and institutions.