Cable One (NYSE:CABO) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Cable One, Inc. (NYSE:CABO)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $91.40 and traded as low as $40.78. Cable One shares last traded at $40.9420, with a volume of 861,742 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research note on Monday, April 20th. Zacks Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company reduced their target price on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, May 1st. Two 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, the stock has an average rating of “Strong Sell” and a consensus price target of $101.50.

Cable One Price Performance

The company has a market capitalization of $232.14 million, a price-to-earnings ratio of -0.70 and a beta of 0.55. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09. The company has a 50 day moving average price of $67.35 and a 200 day moving average price of $91.40.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) 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 negative net margin of 21.94% and a positive return on equity of 5.36%. As a group, equities research analysts forecast that Cable One, Inc. will post 29.89 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of Cable One by 180.0% during the 3rd 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 period. Quarry LP boosted its stake in Cable One by 1,011.1% in the third quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 182 shares during the last quarter. Parallel Advisors LLC boosted its stake in Cable One by 2,288.9% in the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after acquiring an additional 206 shares during the last quarter. Quantbot Technologies LP bought a new position in Cable One in the third quarter valued at approximately $39,000. Finally, State of Wyoming acquired a new stake in Cable One during the 2nd quarter worth $50,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.