Cable One (NYSE:CABO) Trading Down 3.6% – Here’s Why

Cable One, Inc. (NYSE:CABO)’s share price was down 3.6% on Wednesday . The company traded as low as $114.29 and last traded at $114.6120. Approximately 12,097 shares were traded during trading, a decline of 93% from the average daily volume of 164,750 shares. The stock had previously closed at $118.87.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CABO shares. JPMorgan Chase & Co. decreased their price objective on 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 shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Wells Fargo & Company cut their price objective on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cable One has a consensus rating of “Reduce” and an average price target of $256.75.

Cable One Trading Down 4.8%

The stock has a market cap of $638.05 million, a PE ratio of -1.39 and a beta of 0.76. 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 stock’s fifty day moving average price is $125.32 and its 200 day moving average price is $141.83.

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

Hedge Funds Weigh In On Cable One

A number of hedge funds have recently modified their holdings of the company. Wittenberg Investment Management Inc. purchased a new position in shares of Cable One during the 2nd quarter valued at $1,892,000. Dynamic Technology Lab Private Ltd raised its holdings in Cable One by 777.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 12,280 shares of the company’s stock valued at $1,668,000 after acquiring an additional 10,880 shares during the period. Nordea Investment Management AB lifted its position in shares of Cable One by 140.1% in the second quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock valued at $7,024,000 after acquiring an additional 30,854 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its stake in shares of Cable One by 150.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock worth $1,426,000 after acquiring an additional 6,300 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Cable One during the second quarter worth about $1,816,000. 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.