Cable One (NYSE:CABO) Hits New 1-Year Low – Should You Sell?

Cable One, Inc. (NYSE:CABO)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $91.15 and last traded at $91.4650, with a volume of 146211 shares traded. The stock had previously closed at $92.96.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CABO shares. Zacks Research raised Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company reduced their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $256.75.

Cable One Stock Performance

The company has a market capitalization of $484.08 million, a P/E ratio of -1.05 and a beta of 0.76. The business has a 50-day moving average of $114.06 and a 200-day moving average of $139.37. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick 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 the consensus estimate of $9.25 by ($4.08). The firm had revenue of $376.01 million during 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%. On average, sell-side analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current year.

Institutional Investors Weigh In On Cable One

Several hedge funds and other institutional investors have recently modified their holdings of CABO. EverSource Wealth Advisors LLC grew its holdings in shares of Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in Cable One by 7.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock valued at $178,000 after buying an additional 96 shares during the period. AlphaQuest LLC grew its stake in Cable One by 9.2% in the 3rd quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock worth $216,000 after acquiring an additional 103 shares in the last quarter. Federated Hermes Inc. grew its stake in Cable One by 11.5% in the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock worth $198,000 after acquiring an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position 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 worth $45,000 after acquiring an additional 132 shares during the period. 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.