Shares of Cable One, Inc. (NYSE:CABO – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $75.24 and traded as low as $38.44. Cable One shares last traded at $39.7620, with a volume of 188,725 shares traded.
Analyst Ratings Changes
CABO has been the topic of a number of analyst reports. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and cut their price target for the company from $60.00 to $40.00 in a research note on Tuesday, July 14th. Wells Fargo & Company dropped their price objective 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 cut their target price on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Zacks Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a report on Friday, July 17th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $91.50.
Check Out Our Latest Analysis on Cable One
Cable One Stock Down 5.0%
Cable One (NYSE:CABO – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $6.12 EPS 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 analyst estimates of $359.59 million. As a group, sell-side analysts anticipate that Cable One, Inc. will post 29.89 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after acquiring an additional 182 shares during the last quarter. Parallel Advisors LLC raised its position in Cable One by 2,288.9% in the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after purchasing an additional 206 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Cable One in the 3rd quarter valued at $39,000. State of Wyoming acquired a new stake in Cable One during the 2nd quarter worth $50,000. Finally, US Bancorp DE boosted its stake in Cable One by 128.1% during the 3rd quarter. US Bancorp DE now owns 308 shares of the company’s stock worth $55,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.
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.
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