Cable One (NYSE:CABO) Shares Pass Below 200-Day Moving Average – What’s Next?

Cable One, Inc. (NYSE:CABO) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $99.99 and traded as low as $47.31. Cable One shares last traded at $52.22, with a volume of 427,648 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CABO. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Monday, April 20th. Zacks Research cut shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Wells Fargo & Company cut their price target on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. TD Cowen cut their price target on shares of Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Finally, BNP Paribas Exane lowered shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cable One has an average rating of “Strong Sell” and an average price target of $101.50.

Cable One Trading Down 0.1%

The company has a market cap of $296.09 million, a price-to-earnings ratio of -0.89 and a beta of 0.68. The company’s fifty day moving average price is $85.21 and its two-hundred day moving average price is $99.99. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.09.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, April 30th. The company reported $6.12 earnings per share for the quarter, missing the consensus estimate of $7.77 by ($1.65). The firm had revenue of $352.96 million for the quarter, compared to analyst estimates of $359.59 million. Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%. Research analysts expect that Cable One, Inc. will post 30.57 earnings per share for the current year.

Institutional Trading of Cable One

Several hedge funds have recently modified their holdings of CABO. AQR Capital Management LLC increased its holdings in shares of Cable One by 172.6% during the first quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock worth $4,482,000 after buying an additional 10,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cable One by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after purchasing an additional 151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 valued at $4,589,000 after purchasing an additional 2,467 shares in the last quarter. Creative Planning increased its holdings in shares of Cable One by 59.7% in the second quarter. Creative Planning now owns 3,238 shares of the company’s stock valued at $440,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Cable One by 16,600.0% in the second quarter. Federated Hermes Inc. now owns 1,002 shares of the company’s stock valued at $136,000 after purchasing an additional 996 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 (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.