Cable One (NYSE:CABO) Reaches New 1-Year Low – Here’s What Happened
by Doug Wharley · The Cerbat GemCable One, Inc. (NYSE:CABO – Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $96.10 and last traded at $94.9350, with a volume of 7547 shares traded. The stock had previously closed at $98.57.
Analyst Ratings Changes
A number of equities analysts have recently commented on CABO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Zacks Research cut shares of Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. reduced their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company dropped their target price on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. Five investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Cable One has a consensus rating of “Reduce” and a consensus target price of $256.75.
Get Our Latest Stock Analysis on CABO
Cable One Stock Down 3.0%
The business has a fifty day moving average price of $119.80 and a two-hundred day moving average price of $140.95. The firm has a market capitalization of $539.01 million, a price-to-earnings ratio of -1.17 and a beta of 0.76. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38.
Cable One (NYSE:CABO – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The company had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. On average, equities analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current year.
Institutional Trading of Cable One
Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after purchasing an additional 90 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in Cable One by 7.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock valued at $178,000 after buying an additional 96 shares during the last quarter. AlphaQuest LLC boosted its stake in Cable One by 9.2% during the third quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock worth $216,000 after buying an additional 103 shares during the period. Federated Hermes Inc. increased its position in shares of Cable One by 11.5% during the third quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock valued at $198,000 after acquiring an additional 115 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake 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 valued at $45,000 after acquiring an additional 132 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.
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.