Cable One (NYSE:CABO) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Cable One, Inc. (NYSE:CABO)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $91.40 and traded as low as $40.78. Cable One shares last traded at $40.9420, with a volume of 861,742 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on CABO shares. Zacks Research cut Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. TD Cowen cut their target price on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company reduced their target price on Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. BNP Paribas Exane lowered Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 target price for the company. in a research report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research note on Monday, April 20th. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and a consensus target price of $101.50.

Cable One Price Performance

The company’s 50 day simple moving average is $67.35 and its 200 day simple moving average is $91.40. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $232.14 million, a P/E ratio of -0.70 and a beta of 0.55.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, April 30th. The company reported $6.12 earnings per share for the quarter, missing analysts’ consensus estimates of $7.77 by ($1.65). Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.The firm had revenue of $352.96 million for the quarter, compared to the consensus estimate of $359.59 million. As a group, equities analysts forecast that Cable One, Inc. will post 29.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baupost Group LLC MA acquired a new position in Cable One in the third quarter valued at about $12,068,000. Private Management Group Inc. increased its holdings in shares of Cable One by 1.4% in the fourth quarter. Private Management Group Inc. now owns 320,620 shares of the company’s stock worth $36,182,000 after acquiring an additional 4,375 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cable One by 20.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 147,470 shares of the company’s stock worth $16,642,000 after acquiring an additional 25,191 shares in the last quarter. Marshall Wace LLP raised its position in shares of Cable One by 4.3% during the third quarter. Marshall Wace LLP now owns 146,318 shares of the company’s stock worth $25,906,000 after purchasing an additional 6,000 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Cable One by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 116,806 shares of the company’s stock worth $13,184,000 after purchasing an additional 864 shares during the period. 89.92% of the stock is currently owned by institutional investors.

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.