Cable One (NYSE:CABO) Shares Down 6% – Time to Sell?

Cable One, Inc. (NYSE:CABO)’s share price fell 6% during trading on Tuesday . The company traded as low as $97.03 and last traded at $95.91. 58,851 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 138,390 shares. The stock had previously closed at $102.01.

Analyst Upgrades and Downgrades

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

Cable One Trading Down 9.2%

The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $522.19 million, a PE ratio of -1.14 and a beta of 0.76. The stock’s fifty day simple moving average is $117.92 and its 200 day simple moving average is $140.68.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, November 6th. The company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The business had revenue of $376.01 million for the quarter, compared to the consensus estimate of $378.96 million. On average, sell-side analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CABO. EverSource Wealth Advisors LLC increased its holdings in Cable One by 180.0% in 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 in the last quarter. Quarry LP increased its stake in shares of Cable One by 1,011.1% in the third quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after purchasing an additional 182 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Cable One by 2,288.9% during the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after buying an additional 206 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Cable One during the third quarter worth about $39,000. Finally, Signaturefd LLC grew its holdings 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 buying an additional 202 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.