Brokerages Set Cable One, Inc. (NYSE:CABO) Target Price at $533.33

Cable One, Inc. (NYSE:CABO) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. Two 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 1 year target price among analysts that have covered the stock in the last year is $531.67.

Separately, JPMorgan Chase & Co. dropped their price target on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday.

Institutional Trading of Cable One

A number of large investors have recently made changes to their positions in CABO. Jane Street Group LLC boosted its stake in shares of Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after purchasing an additional 13,354 shares during the period. Vanguard Group Inc. boosted its stake in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after purchasing an additional 48,513 shares during the period. Private Management Group Inc. boosted its stake in shares of Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after purchasing an additional 47,082 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Cable One during the 1st quarter worth about $7,068,000. Finally, Public Sector Pension Investment Board purchased a new position in shares of Cable One during the 2nd quarter worth about $3,554,000. 89.92% of the stock is currently owned by institutional investors.

Cable One Trading Down 1.1 %

Shares of CABO stock opened at $407.70 on Tuesday. Cable One has a 12-month low of $311.28 and a 12-month high of $574.76. The company has a current ratio of 0.93, a quick ratio of 1.81 and a debt-to-equity ratio of 1.84. The firm’s 50 day moving average is $351.84 and its 200 day moving average is $362.94. The stock has a market capitalization of $2.29 billion, a P/E ratio of 9.43 and a beta of 0.84.

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.