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

Cable One (NYSE:CABO - Get Free Report) had its target price cut by equities researchers at JPMorgan Chase & Co. from $420.00 to $325.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 18.69% from the stock's current price.

Other equities analysts have also issued research reports about the company. KeyCorp lowered their price objective on Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company dropped their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday, February 28th.

Cable One Stock Performance

NYSE CABO traded up $19.89 during trading on Monday, reaching $273.82. The company's stock had a trading volume of 270,618 shares, compared to its average volume of 106,201. The firm has a 50 day moving average price of $312.79 and a 200 day moving average price of $347.05. Cable One has a 12 month low of $239.29 and a 12 month high of $470.87. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 6.33 and a beta of 0.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

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Insider Buying and Selling

In related news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the transaction, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Cable One

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its position in Cable One by 17.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 491 shares of the company's stock worth $172,000 after acquiring an additional 73 shares during the last quarter. Markel Group Inc. grew its holdings in shares of Cable One by 11.6% during the third quarter. Markel Group Inc. now owns 60,050 shares of the company's stock worth $21,005,000 after purchasing an additional 6,250 shares during the last quarter. Covestor Ltd raised its holdings in Cable One by 18.0% in the 3rd quarter. Covestor Ltd now owns 591 shares of the company's stock valued at $207,000 after buying an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Cable One by 24.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,008 shares of the company's stock worth $353,000 after acquiring an additional 198 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Cable One in the 3rd quarter valued at approximately $358,000. Institutional investors 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.