Cable One (NYSE:CABO) Trading Up 6.6% – Still a Buy?

Cable One, Inc. (NYSE:CABO)’s share price was up 6.6% during mid-day trading on Tuesday . The stock traded as high as $144.52 and last traded at $144.80. Approximately 92,299 shares changed hands during trading, a decline of 30% from the average daily volume of 131,369 shares. The stock had previously closed at $135.87.

Wall Street Analyst Weigh In

CABO has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. KeyCorp reissued a “sector weight” rating on shares of Cable One in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Finally, Raymond James lowered Cable One from an “outperform” rating to a “market perform” rating in a research report on Friday, May 2nd.

Cable One Stock Performance

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $825.18 million, a PE ratio of 3.39 and a beta of 0.82. The business’s 50-day moving average is $203.39 and its 200 day moving average is $280.40.

Cable One (NYSE:CABO) last released its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share for the quarter, beating analysts’ consensus estimates of $12.21 by $0.11. Cable One had a return on equity of 10.98% and a net margin of 15.86%. The company had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. On average, equities research analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CABO. Meeder Asset Management Inc. purchased a new position in shares of Cable One during the first quarter valued at approximately $30,000. Brooklyn Investment Group boosted its holdings in Cable One by 5,233.3% in the first quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock valued at $43,000 after acquiring an additional 157 shares in the last quarter. AlphaQuest LLC purchased a new position in Cable One during the 4th quarter valued at $49,000. Farther Finance Advisors LLC increased its position in Cable One by 1,435.7% during the 1st quarter. Farther Finance Advisors LLC now owns 215 shares of the company’s stock valued at $58,000 after purchasing an additional 201 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock worth $60,000 after purchasing an additional 111 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Company Profile

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.