Cable One (NYSE:CABO) Shares Down 7.9% – Should You Sell?

Shares of Cable One, Inc. (NYSE:CABO) were down 7.9% during trading on Thursday . The company traded as low as $106.11 and last traded at $105.4380. Approximately 49,243 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 156,997 shares. The stock had previously closed at $114.43.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CABO. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Wells Fargo & Company dropped their target price on Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. dropped their price target on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $256.75.

Cable One Trading Down 8.3%

The firm has a market capitalization of $591.64 million, a P/E ratio of -1.29 and a beta of 0.74. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.88. The firm has a 50-day moving average of $104.25 and a two-hundred day moving average of $132.73.

Institutional Trading of Cable One

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Cable One by 180.0% during the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after buying an additional 90 shares in the last quarter. Quarry LP lifted its holdings in shares of Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after purchasing an additional 182 shares during the period. Parallel Advisors LLC lifted its holdings in Cable One by 2,288.9% during the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after buying an additional 206 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Cable One in the third quarter valued at about $39,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Cable One by 107.3% in the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.