Cable One (NYSE:CABO) Hits New 12-Month Low – What’s Next?

Cable One, Inc. (NYSE:CABO) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $106.19 and last traded at $107.8550, with a volume of 196595 shares trading hands. The stock had previously closed at $114.17.

Analyst Ratings Changes

CABO has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $256.75.

Cable One Price Performance

The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $608.30 million, a price-to-earnings ratio of -1.32 and a beta of 0.86. The company has a fifty day moving average price of $158.66 and a two-hundred day moving average price of $153.38.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, November 6th. The company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The business had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. On average, equities research analysts expect that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Cable One

Hedge funds have recently made changes to their positions in the business. Kingsview Wealth Management LLC lifted its holdings in shares of Cable One by 19.8% during the first quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company’s stock worth $7,534,000 after purchasing an additional 4,689 shares during the period. Nordea Investment Management AB raised its position in Cable One by 140.1% during the 2nd quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock worth $7,024,000 after buying an additional 30,854 shares during the last quarter. Hussman Strategic Advisors Inc. raised its position in Cable One by 150.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock worth $1,426,000 after buying an additional 6,300 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Cable One by 14,346.4% in the 1st quarter. Pacer Advisors Inc. now owns 59,808 shares of the company’s stock worth $15,895,000 after acquiring an additional 59,394 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Cable One by 294.0% in the first quarter. Public Sector Pension Investment Board now owns 45,164 shares of the company’s stock valued at $12,003,000 after acquiring an additional 33,702 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Company Profile

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.