Cable One (NYSE:CABO) Trading Down 6.4% – Time to Sell?

Cable One, Inc. (NYSE:CABO)’s stock price traded down 6.4% during mid-day trading on Monday . The stock traded as low as $106.41 and last traded at $105.7970. 32,653 shares traded hands during trading, a decline of 80% from the average session volume of 162,104 shares. The stock had previously closed at $113.04.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research upgraded Cable One from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a research report on Tuesday, February 24th. Wells Fargo & Company lowered their target price on Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research note on Friday, February 27th. Finally, TD Cowen cut their price objective on shares of Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cable One currently has a consensus rating of “Reduce” and a consensus price target of $114.25.

Cable One Price Performance

The stock’s 50-day moving average is $98.30 and its two-hundred day moving average is $126.46. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $591.01 million, a PE ratio of -1.63 and a beta of 0.70.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of $7.60 by ($8.95). The business had revenue of $363.74 million for the quarter, compared to analysts’ expectations of $368.59 million. Cable One had a positive return on equity of 7.36% and a negative net margin of 23.74%. On average, equities analysts predict that Cable One, Inc. will post 32.08 EPS for the current year.

Institutional Investors Weigh In On Cable One

Several hedge funds have recently added to or reduced their stakes in CABO. AQR Capital Management LLC raised its holdings in Cable One by 172.6% in the 1st quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock valued at $4,482,000 after acquiring an additional 10,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cable One by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock worth $893,000 after buying an additional 151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cable One by 16.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company’s stock worth $4,589,000 after acquiring an additional 2,467 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Cable One by 380.6% during the second quarter. PNC Financial Services Group Inc. now owns 769 shares of the company’s stock worth $104,000 after acquiring an additional 609 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of Cable One by 7.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock valued at $178,000 after acquiring an additional 96 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other 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.