Cable One (NYSE:CABO) Shares Down 6% – Time to Sell?

Shares of Cable One, Inc. (NYSE:CABO) fell 6% during trading on Tuesday . The company traded as low as $97.03 and last traded at $95.91. 58,851 shares were traded during mid-day trading, a decline of 57% from the average session volume of 138,390 shares. The stock had previously closed at $102.01.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CABO shares. Zacks Research downgraded shares of Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company cut their price objective on 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 analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $256.75.

Cable One Stock Performance

The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38. The business has a 50-day moving average price of $117.92 and a 200 day moving average price of $140.68. The stock has a market capitalization of $522.19 million, a P/E ratio of -1.14 and a beta of 0.76.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $5.17 earnings per share 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 company had revenue of $376.01 million for the quarter, compared to the consensus estimate of $378.96 million. As a group, sell-side analysts forecast that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently bought and sold shares of CABO. EverSource Wealth Advisors LLC raised its holdings in Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after buying an additional 90 shares during the last quarter. Quarry LP increased its position in shares of Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 182 shares in the last quarter. Parallel Advisors LLC raised its holdings in Cable One by 2,288.9% in the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after acquiring an additional 206 shares during the last quarter. Quantbot Technologies LP purchased a new position in Cable One in the 3rd quarter worth approximately $39,000. Finally, Signaturefd LLC lifted its position in Cable One by 171.2% in the 2nd quarter. Signaturefd LLC now owns 320 shares of the company’s stock valued at $43,000 after acquiring an additional 202 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.