Cable One (NYSE:CABO) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Cable One, Inc. (NYSE:CABO)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

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

Cable One Price Performance

The stock has a fifty day simple moving average of $66.35 and a two-hundred day simple moving average of $91.05. The company has a market cap of $232.26 million, a PE ratio of -0.70 and a beta of 0.55. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, April 30th. The company reported $6.12 EPS for the quarter, missing the consensus estimate of $7.77 by ($1.65). Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. The business had revenue of $352.96 million during the quarter, compared to analyst estimates of $359.59 million. On average, equities analysts predict that Cable One, Inc. will post 29.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Cable One

Institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its stake in shares of Cable One by 31.7% in the fourth quarter. Nordea Investment Management AB now owns 72,159 shares of the company’s stock valued at $8,316,000 after purchasing an additional 17,353 shares during the period. Goldentree Asset Management LP acquired a new position in Cable One during the third quarter worth about $13,033,000. Landscape Capital Management L.L.C. grew its position in Cable One by 87.0% during the third quarter. Landscape Capital Management L.L.C. now owns 45,859 shares of the company’s stock worth $8,119,000 after buying an additional 21,331 shares during the period. Caprock Group LLC increased its holdings in Cable One by 107.2% in the fourth quarter. Caprock Group LLC now owns 21,860 shares of the company’s stock valued at $2,467,000 after buying an additional 11,310 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Cable One by 129.7% in the fourth quarter. SG Americas Securities LLC now owns 10,123 shares of the company’s stock valued at $1,142,000 after buying an additional 5,716 shares in the last quarter. 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.