JPMorgan Chase & Co. Has Lowered Expectations for Cable One (NYSE:CABO) Stock Price

Cable One (NYSE:CABO) had its price target cut by stock analysts at JPMorgan Chase & Co. from $480.00 to $470.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 13.94% from the company’s current price.

Cable One Stock Up 2.5 %

Shares of CABO opened at $412.48 on Tuesday. The company has a market capitalization of $2.32 billion, a P/E ratio of 9.54 and a beta of 0.84. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 1.81. Cable One has a one year low of $311.28 and a one year high of $574.76. The business’s 50 day simple moving average is $350.74 and its 200-day simple moving average is $362.62.

Hedge Funds Weigh In On Cable One

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its stake in shares of Cable One by 40.5% during the 3rd quarter. Cerity Partners LLC now owns 1,825 shares of the company’s stock worth $638,000 after buying an additional 526 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Cable One by 5.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 22,363 shares of the company’s stock worth $7,822,000 after acquiring an additional 1,140 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of Cable One by 24.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company’s stock worth $15,029,000 after acquiring an additional 8,563 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Cable One in the third quarter valued at approximately $384,000. Finally, MAI Capital Management acquired a new stake in Cable One in the third quarter valued at approximately $533,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.