JPMorgan Chase & Co. Issues Pessimistic Forecast for Cable One (NYSE:CABO) Stock Price

Cable One (NYSE:CABO) had its price target lowered by JPMorgan Chase & Co. from $480.00 to $470.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 13.94% from the stock’s previous close.

Cable One Trading Up 2.5 %

NYSE:CABO opened at $412.48 on Tuesday. The stock’s 50 day moving average price is $350.74 and its 200 day moving average price is $362.62. Cable One has a 52-week low of $311.28 and a 52-week high of $574.76. The company has a market capitalization of $2.32 billion, a PE ratio of 9.54 and a beta of 0.84. The company has a quick ratio of 1.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Institutional Trading of Cable One

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC boosted its stake in Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock valued at $6,292,000 after purchasing an additional 13,354 shares in the last quarter. Vanguard Group Inc. boosted its position in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after purchasing an additional 48,513 shares during the last quarter. Private Management Group Inc. boosted its position in Cable One by 70.7% during the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after purchasing an additional 47,082 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in Cable One during the first quarter valued at $7,068,000. Finally, Public Sector Pension Investment Board acquired a new stake in Cable One during the second quarter valued at $3,554,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.