Cable One (NYSE:CABO - Get Free Report) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from $480.00 to $470.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 16.80% from the stock's current price.
Cable One Stock Down 0.3 %
Shares of Cable One stock traded down $1.15 during trading on Tuesday, reaching $402.41. 67,614 shares of the company traded hands, compared to its average volume of 104,276. The firm has a market capitalization of $2.26 billion, a PE ratio of 9.44 and a beta of 0.84. Cable One has a 1-year low of $311.28 and a 1-year high of $574.76. The company has a 50 day moving average price of $348.51 and a 200-day moving average price of $362.17. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81.
Institutional Investors Weigh In On Cable One
A number of hedge funds have recently added to or reduced their stakes in CABO. Jane Street Group LLC lifted its position in Cable One by 880.9% in the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock valued at $6,292,000 after acquiring an additional 13,354 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 48,513 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Cable One by 70.7% in the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company's stock worth $40,229,000 after acquiring an additional 47,082 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Cable One in the first quarter valued at about $7,068,000. Finally, Public Sector Pension Investment Board purchased a new position in Cable One during the second quarter worth about $3,554,000. Institutional investors and hedge funds own 89.92% of the company's stock.
Cable One Company Profile
(
Get Free Report)
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.
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