Cable One (NYSE:CABO) Stock Passes Below 200-Day Moving Average – Should You Sell?

Cable One, Inc. (NYSE:CABO)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $108.83 and traded as low as $57.23. Cable One shares last traded at $62.2080, with a volume of 217,562 shares traded.

Wall Street Analyst Weigh In

CABO has been the subject of several research analyst reports. BNP Paribas Exane cut Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Monday, April 20th. TD Cowen cut their target price on shares of Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a report on Friday, May 1st. Zacks Research cut shares of Cable One from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Finally, Wells Fargo & Company decreased their price target 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. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $101.50.

Cable One Stock Up 2.4%

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 company has a 50 day simple moving average of $98.15 and a two-hundred day simple moving average of $108.83. The company has a market capitalization of $352.72 million, a P/E ratio of -1.07 and a beta of 0.68.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.77 by ($1.65). The company had revenue of $352.96 million during the quarter, compared to the consensus estimate of $359.59 million. Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. As a group, equities analysts predict that Cable One, Inc. will post 30.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Baupost Group LLC MA bought a new position in Cable One during the third quarter valued at $12,068,000. Goldentree Asset Management LP bought a new stake in shares of Cable One in the 3rd quarter worth about $13,033,000. Balyasny Asset Management L.P. boosted its stake in shares of Cable One by 912.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 57,297 shares of the company’s stock worth $7,782,000 after purchasing an additional 51,639 shares during the period. Man Group plc boosted its stake in shares of Cable One by 669.3% during the 4th quarter. Man Group plc now owns 51,300 shares of the company’s stock worth $5,789,000 after purchasing an additional 44,632 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in Cable One during the 2nd quarter valued at about $4,822,000. 89.92% of the stock is 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.