Cable One (NYSE:CABO) Shares Down 3.6% – What’s Next?

Cable One, Inc. (NYSE:CABO)’s stock price was down 3.6% during mid-day trading on Wednesday . The company traded as low as $114.29 and last traded at $114.6120. Approximately 12,097 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 164,750 shares. The stock had previously closed at $118.87.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CABO shares. JPMorgan Chase & Co. lowered their price target on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price target on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Five investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $256.75.

Cable One Price Performance

The stock has a market cap of $636.67 million, a price-to-earnings ratio of -1.39 and a beta of 0.79. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38. The stock’s 50 day simple moving average is $127.08 and its two-hundred day simple moving average is $142.24.

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

Institutional Trading of Cable One

Several institutional investors have recently bought and sold shares of CABO. EverSource Wealth Advisors LLC raised its stake in Cable One by 180.0% during the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after acquiring an additional 90 shares in the last quarter. Quarry LP grew its holdings in shares of Cable One by 1,011.1% in the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Cable One by 2,288.9% during the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after purchasing an additional 206 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Cable One during the 3rd quarter worth about $39,000. Finally, Hantz Financial Services Inc. lifted its holdings in Cable One by 107.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

About Cable One

Cable One, Inc (NYSE:CABO) is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One’s infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.