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

Cable One, Inc. (NYSE:CABO) shares gapped down prior to trading on Friday . The stock had previously closed at $118.87, but opened at $112.74. Cable One shares last traded at $110.6450, with a volume of 1,171 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Zacks Research downgraded shares of Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Wells Fargo & Company decreased their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $256.75.

Cable One Price Performance

The company has a market capitalization of $629.54 million, a P/E ratio of -1.37 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 business has a 50 day simple moving average of $125.32 and a 200-day simple moving average of $141.83.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, November 6th. The company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). The firm had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%. Analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Cable One

Hedge funds have recently made changes to their positions in the business. Ieq Capital LLC bought a new position in Cable One in the 1st quarter worth approximately $267,000. Ancora Advisors LLC raised its stake in Cable One by 26.9% during the 1st quarter. Ancora Advisors LLC now owns 825 shares of the company’s stock valued at $219,000 after acquiring an additional 175 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Cable One during the 1st quarter worth $1,556,000. AQR Capital Management LLC grew its stake in shares of Cable One by 172.6% in the first quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock worth $4,482,000 after purchasing an additional 10,731 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cable One by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after purchasing an additional 151 shares during the period. Institutional investors own 89.92% of the company’s stock.

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.