Cable One (NYSE:CABO) Shares Pass Below 50 Day Moving Average – What’s Next?

Cable One, Inc. (NYSE:CABO) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $111.42 and traded as low as $83.26. Cable One shares last traded at $83.4330, with a volume of 137,946 shares trading hands.

Analyst Upgrades and Downgrades

CABO has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $256.75.

Cable One Price Performance

The business has a fifty day moving average of $111.42 and a two-hundred day moving average of $137.88. 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 firm has a market capitalization of $470.56 million, a price-to-earnings ratio of -1.02 and a beta of 0.76.

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). Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%.The company had revenue of $376.01 million for the quarter, compared to the consensus estimate of $378.96 million. As a group, research analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CABO. Baupost Group LLC MA bought a new stake in shares of Cable One during the third quarter worth approximately $12,068,000. DAVENPORT & Co LLC lifted its holdings in Cable One by 249.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 242,962 shares of the company’s stock worth $32,997,000 after purchasing an additional 173,384 shares during the last quarter. Private Management Group Inc. boosted its stake in Cable One by 103.9% in the 2nd quarter. Private Management Group Inc. now owns 311,131 shares of the company’s stock valued at $42,255,000 after purchasing an additional 158,564 shares during the period. Goldentree Asset Management LP bought a new stake in Cable One in the 3rd quarter valued at $13,033,000. Finally, Burgundy Asset Management Ltd. grew its holdings in Cable One by 18.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 474,730 shares of the company’s stock valued at $64,473,000 after buying an additional 72,327 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Company Profile

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.