Cable One (NYSE:CABO) Shares Down 5.1% – Here’s What Happened

Cable One, Inc. (NYSE:CABO) was down 5.1% during trading on Tuesday . The stock traded as low as $117.23 and last traded at $117.43. Approximately 7,634 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 166,143 shares. The stock had previously closed at $123.71.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CABO shares. JPMorgan Chase & Co. lowered their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Wells Fargo & Company decreased their target price on Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Cable One has an average rating of “Reduce” and a consensus target price of $256.75.

Cable One Stock Performance

The stock has a market cap of $668.23 million, a PE ratio of -1.45 and a beta of 0.79. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38. The business has a 50 day moving average price of $130.74 and a two-hundred day moving average price of $142.69.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%.The company had revenue of $376.01 million during the quarter, compared to analysts’ expectations of $378.96 million. As a group, equities research analysts forecast that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Cable One

Several large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after purchasing an additional 90 shares in the last quarter. Quarry LP raised its holdings in Cable One by 1,011.1% during 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 period. Parallel Advisors LLC boosted its stake in shares of Cable One by 2,288.9% in the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after acquiring an additional 206 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Cable One during the third quarter worth about $39,000. Finally, Signaturefd LLC raised its stake in Cable One by 171.2% during the 2nd quarter. Signaturefd LLC now owns 320 shares of the company’s stock valued at $43,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors 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.