Cable One (NYSE:CABO) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Cable One, Inc. (NYSE:CABO)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Monday, April 20th. Wells Fargo & Company decreased their target price on Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. TD Cowen lowered their price target on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Zacks Research cut Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Finally, BNP Paribas Exane cut 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. Two equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell” and an average target price of $101.50.

Cable One Stock Down 0.7%

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 business has a 50 day moving average price of $83.99 and a 200 day moving average price of $99.34. The firm has a market capitalization of $294.27 million, a P/E ratio of -0.89 and a beta of 0.68.

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). Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. The firm had revenue of $352.96 million for the quarter, compared to the consensus estimate of $359.59 million. On average, analysts predict that Cable One, Inc. will post 30.57 earnings per share for the current year.

Institutional Investors Weigh In On Cable One

Several large investors have recently modified their holdings of CABO. EverSource Wealth Advisors LLC grew its position in 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 acquiring an additional 90 shares during the last quarter. AlphaQuest LLC grew its position in Cable One by 9.2% during the 3rd quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock worth $216,000 after acquiring an additional 103 shares during the last quarter. Federated Hermes Inc. grew its position in Cable One by 11.5% during the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock worth $198,000 after acquiring an additional 115 shares during the last quarter. Hantz Financial Services Inc. grew its position in Cable One by 107.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after acquiring an additional 132 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Cable One by 0.3% during the 4th quarter. Public Sector Pension Investment Board now owns 48,580 shares of the company’s stock worth $5,482,000 after acquiring an additional 132 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

About Cable One

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.