Cable One (NYSE:CABO) Shares Cross Below Fifty Day Moving Average – What’s Next?
by Amy Steele · The Cerbat GemCable One, Inc. (NYSE:CABO – Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-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 trading hands.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CABO shares. Zacks Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. 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. TD Cowen reduced their price objective on Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and an average price target of $101.50.
Read Our Latest Stock Report on CABO
Cable One Stock Performance
The stock’s 50-day moving average price is $61.41 and its 200 day moving average price is $88.32. 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 firm has a market cap of $297.03 million, a P/E ratio of -0.90 and a beta of 0.55.
Cable One (NYSE:CABO – Get Free Report) last released its 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 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 the consensus estimate of $359.59 million. As a group, equities analysts predict that Cable One, Inc. will post 29.89 EPS for the current year.
Hedge Funds Weigh In On Cable One
Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in shares of Cable One by 172.6% in the first quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock valued at $4,482,000 after acquiring an additional 10,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cable One by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after purchasing an additional 151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cable One by 16.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company’s stock valued at $4,589,000 after purchasing an additional 2,467 shares during the last quarter. Creative Planning grew its stake in Cable One by 59.7% in the second quarter. Creative Planning now owns 3,238 shares of the company’s stock valued at $440,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Cable One by 16,600.0% in the second quarter. Federated Hermes Inc. now owns 1,002 shares of the company’s stock valued at $136,000 after purchasing an additional 996 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.
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.