Cable One, Inc. (NYSE:CABO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $531.67.

Separately, JPMorgan Chase & Co. decreased their target price on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th.

Cable One Stock Down 2.5 %

Shares of NYSE CABO opened at $397.64 on Tuesday. Cable One has a 12-month low of $311.28 and a 12-month high of $574.76. The stock’s fifty day simple moving average is $352.88 and its two-hundred day simple moving average is $362.71. The stock has a market capitalization of $2.23 billion, a PE ratio of 9.20 and a beta of 0.84. The company has a current ratio of 0.93, a quick ratio of 1.81 and a debt-to-equity ratio of 1.84.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its stake in shares of Cable One by 452.4% during the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after acquiring an additional 95 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Cable One during the second quarter worth approximately $45,000. GAMMA Investing LLC grew its holdings in Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after purchasing an additional 135 shares during the period. KBC Group NV grew its holdings in Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after purchasing an additional 50 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after buying an additional 29 shares in the last quarter. 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.