JPMorgan Chase & Co. Cuts Cable One (NYSE:CABO) Price Target to $470.00

Cable One (NYSE:CABO) had its target price lowered by JPMorgan Chase & Co. from $480.00 to $470.00 in a research report sent to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Cable One Stock Performance

Shares of Cable One stock traded down $5.94 during trading on Tuesday, hitting $401.76. 16,269 shares of the stock were exchanged, compared to its average volume of 103,666. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.81 and a current ratio of 0.93. Cable One has a 12 month low of $311.28 and a 12 month high of $574.76. The stock’s fifty day moving average is $351.84 and its 200 day moving average is $362.94. The stock has a market cap of $2.26 billion, a PE ratio of 9.43 and a beta of 0.84.

Hedge Funds Weigh In On Cable One

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CABO. Janney Montgomery Scott LLC grew its position in Cable One by 50.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 759 shares of the company’s stock valued at $321,000 after buying an additional 253 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Cable One by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company’s stock valued at $1,681,000 after buying an additional 51 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Cable One by 240.3% in the first quarter. Quantbot Technologies LP now owns 1,021 shares of the company’s stock worth $432,000 after buying an additional 721 shares during the period. Inspire Investing LLC increased its position in shares of Cable One by 22.7% in the first quarter. Inspire Investing LLC now owns 850 shares of the company’s stock worth $360,000 after acquiring an additional 157 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Cable One during the first quarter valued at approximately $311,000. 89.92% of the stock is owned by institutional investors.

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.