Cable One (NYSE:CABO) Shares Pass Below 50 Day Moving Average – What’s Next?

Cable One, Inc. (NYSE:CABO)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $111.42 and traded as low as $83.26. Cable One shares last traded at $83.4330, with a volume of 137,946 shares traded.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Wednesday. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wells Fargo & Company lowered 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 report on Friday, November 7th. Finally, JPMorgan Chase & Co. reduced their target price on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Cable One has a consensus rating of “Reduce” and an average target price of $256.75.

Cable One Stock Down 1.2%

The firm has a market capitalization of $470.56 million, a P/E ratio of -1.02 and a beta of 0.76. The firm’s 50-day moving average is $111.42 and its 200 day moving average is $137.88. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38.

Cable One (NYSE:CABO) last released its earnings results 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). The firm had revenue of $376.01 million for the quarter, compared to the consensus estimate of $378.96 million. Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%. As a group, equities research analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Trading of Cable One

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its holdings in Cable One by 18.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 927 shares of the company’s stock worth $105,000 after purchasing an additional 146 shares during the last quarter. SG Americas Securities LLC lifted its position in Cable One by 129.7% during the 4th quarter. SG Americas Securities LLC now owns 10,123 shares of the company’s stock worth $1,142,000 after buying an additional 5,716 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Cable One by 31.7% during the 4th quarter. Nordea Investment Management AB now owns 72,159 shares of the company’s stock worth $8,316,000 after buying an additional 17,353 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cable One by 155.1% in the 4th quarter. GAMMA Investing LLC now owns 630 shares of the company’s stock valued at $71,000 after acquiring an additional 383 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Cable One in the third quarter valued at about $225,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.