Cable One (NYSE:CABO) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Cable One, Inc. (NYSE:CABO)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $61.41 and traded as low as $40.28. Cable One shares last traded at $52.3860, with a volume of 573,592 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have commented on CABO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Monday, April 20th. Zacks Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. TD Cowen lowered their target price on shares of Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Finally, Wells Fargo & Company cut their price target on Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Strong Sell” and a consensus price target of $101.50.

Cable One Price Performance

The firm has a market capitalization of $297.03 million, a price-to-earnings ratio of -0.90 and a beta of 0.55. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.09. The stock’s 50 day moving average price is $61.41 and its two-hundred day moving average price is $88.32.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $352.96 million during the quarter, compared to analyst estimates of $359.59 million. Analysts anticipate that Cable One, Inc. will post 29.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Baupost Group LLC MA bought a new position in Cable One in the third quarter valued at approximately $12,068,000. Private Management Group Inc. boosted its stake in Cable One by 1.4% in the 4th quarter. Private Management Group Inc. now owns 320,620 shares of the company’s stock worth $36,182,000 after purchasing an additional 4,375 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Cable One by 20.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 147,470 shares of the company’s stock worth $16,642,000 after buying an additional 25,191 shares during the period. Marshall Wace LLP boosted its position in Cable One by 4.3% during the 3rd quarter. Marshall Wace LLP now owns 146,318 shares of the company’s stock worth $25,906,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Cable One by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 116,806 shares of the company’s stock valued at $13,184,000 after purchasing an additional 864 shares in the last quarter. 89.92% of the stock is 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.