Cable One (NYSE:CABO) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Cable One, Inc. (NYSE:CABO)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 trading hands.

Analyst Upgrades and Downgrades

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

Cable One Price Performance

The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38. The business has a 50-day simple moving average of $110.88 and a 200 day simple moving average of $137.57. The firm has a market cap of $454.36 million, a P/E ratio of -0.99 and a beta of 0.76.

Cable One (NYSE:CABO) last posted 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 business had revenue of $376.01 million for the quarter, compared to analysts’ expectations 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, analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cable One

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of Cable One by 180.0% during the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after buying an additional 90 shares during the period. Quarry LP boosted its position in Cable One by 1,011.1% during the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 182 shares in the last quarter. Parallel Advisors LLC boosted its position in Cable One by 2,288.9% during the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after acquiring an additional 206 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Cable One during the 3rd quarter worth approximately $39,000. Finally, Hantz Financial Services Inc. raised its position in shares of Cable One by 107.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after acquiring an additional 132 shares in the last quarter. 89.92% of the stock is 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.