Cable One (NYSE:CABO) Hits New 1-Year Low – Here’s Why

Cable One, Inc. (NYSE:CABO)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $91.15 and last traded at $91.4650, with a volume of 146211 shares. The stock had previously closed at $92.96.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CABO shares. Zacks Research raised Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company lowered their price target on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. JPMorgan Chase & Co. cut their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $256.75.

Cable One Stock Performance

The company has a market cap of $515.41 million, a price-to-earnings ratio of -1.12 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. The stock has a 50-day moving average price of $115.85 and a 200 day moving average price of $140.07.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, November 6th. The company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. As a group, analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Cable One

A number of hedge funds and other institutional investors have recently made changes to their positions in CABO. Wittenberg Investment Management Inc. bought a new stake in shares of Cable One in the second quarter worth $1,892,000. Dynamic Technology Lab Private Ltd increased its stake in Cable One by 777.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 12,280 shares of the company’s stock valued at $1,668,000 after buying an additional 10,880 shares during the last quarter. Nordea Investment Management AB lifted its position in Cable One by 140.1% during the 2nd quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock worth $7,024,000 after buying an additional 30,854 shares in the last quarter. Hussman Strategic Advisors Inc. lifted its position in Cable One by 150.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock worth $1,426,000 after buying an additional 6,300 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Cable One during the 2nd quarter worth about $1,816,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.