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

Cable One, Inc. (NYSE:CABO) gapped down before the market opened on Friday . The stock had previously closed at $114.43, but opened at $104.93. Cable One shares last traded at $105.3440, with a volume of 3,655 shares.

Wall Street Analyst Weigh In

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

Cable One Trading Up 0.3%

The firm has a market cap of $594.85 million, a price-to-earnings ratio of -1.30 and a beta of 0.74. The business has a fifty day moving average of $103.09 and a two-hundred day moving average of $132.12. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38.

Institutional Investors Weigh In On Cable One

Institutional investors and hedge funds have recently made changes to their positions in the business. Wittenberg Investment Management Inc. acquired a new stake in shares of Cable One in the second quarter valued at approximately $1,892,000. Dynamic Technology Lab Private Ltd raised its position in shares of Cable One by 777.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 12,280 shares of the company’s stock worth $1,668,000 after purchasing an additional 10,880 shares during the last quarter. Caprock Group LLC purchased a new stake in Cable One in the 3rd quarter valued at approximately $1,704,000. Hussman Strategic Advisors Inc. lifted its stake in Cable One by 150.0% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock valued at $1,426,000 after buying an additional 6,300 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Cable One during the 2nd quarter valued at $1,816,000. 89.92% of the stock is currently owned by hedge funds and other 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.