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

Cable One (NYSE:CABO) had its target price decreased by analysts at JPMorgan Chase & Co. from $480.00 to $470.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.11% from the stock’s current price.

Cable One Stock Up 1.2 %

Cable One stock traded up $4.74 during trading hours on Tuesday, hitting $408.30. The stock had a trading volume of 5,232 shares, compared to its average volume of 103,983. The stock’s 50-day moving average price is $348.51 and its 200-day moving average price is $362.17. The stock has a market capitalization of $2.29 billion, a P/E ratio of 9.37 and a beta of 0.84. Cable One has a 12-month low of $311.28 and a 12-month high of $574.76. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.87.

Institutional Investors Weigh In On Cable One

Several large investors have recently bought and sold shares of CABO. Versant Capital Management Inc grew its stake in shares of Cable One by 452.4% in the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after acquiring an additional 95 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Cable One in the 2nd quarter worth approximately $45,000. GAMMA Investing LLC lifted its holdings in shares of Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after buying an additional 135 shares during the period. KBC Group NV boosted its stake in shares of Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after buying an additional 50 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Cable One in the second quarter worth $65,000. 89.92% of the stock is currently 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.