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

Cable One, Inc. (NYSE:CABO)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $61.41 and traded as low as $40.28. Cable One shares last traded at $52.3860, with a volume of 573,592 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CABO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Monday, April 20th. TD Cowen dropped their price objective on shares of Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Wells Fargo & Company cut 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. Finally, Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $101.50.

Cable One Price Performance

The company has a debt-to-equity ratio of 2.09, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $297.03 million, a P/E ratio of -0.90 and a beta of 0.55. The company’s 50 day simple moving average is $61.41 and its 200 day simple moving average is $88.32.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, April 30th. The company reported $6.12 earnings per share for the quarter, missing analysts’ consensus estimates of $7.77 by ($1.65). Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.The firm had revenue of $352.96 million for the quarter, compared to the consensus estimate of $359.59 million. As a group, equities analysts forecast that Cable One, Inc. will post 29.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of Cable One by 172.6% during the 1st quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock valued at $4,482,000 after purchasing an additional 10,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 buying an additional 2,467 shares in the last quarter. Creative Planning lifted its stake in 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 buying an additional 1,210 shares in the last quarter. Finally, Federated Hermes Inc. boosted 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 buying an additional 996 shares during the period. 89.92% of the stock is 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.