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

Cable One, Inc. (NYSE:CABO)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $94.83, but opened at $88.73. Cable One shares last traded at $92.6710, with a volume of 7,758 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on CABO shares. Zacks Research upgraded Cable One from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. BNP Paribas Exane downgraded Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective on the stock. in a report on Tuesday, February 24th. Wells Fargo & Company dropped their target price on Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. Finally, TD Cowen dropped their price objective on shares of Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cable One has an average rating of “Reduce” and a consensus target price of $114.25.

Cable One Stock Down 0.4%

The stock’s fifty day simple moving average is $98.56 and its two-hundred day simple moving average is $121.59. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $514.89 million, a price-to-earnings ratio of -1.42 and a beta of 0.70.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.60 by ($8.95). The business had revenue of $363.74 million during the quarter, compared to the consensus estimate of $368.59 million. Cable One had a positive return on equity of 7.36% and a negative net margin of 23.74%. On average, sell-side analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cable One

Several large investors have recently made changes to their positions in CABO. EverSource Wealth Advisors LLC grew 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 buying an additional 90 shares in the last quarter. Quarry LP grew 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 increased its holdings in shares of Cable One by 2,288.9% during the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after purchasing an additional 206 shares during the period. Quantbot Technologies LP bought a new stake in shares of Cable One during the third quarter valued at about $39,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Cable One by 107.3% during the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds 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.