Cable One (NYSE:CABO) Shares Down 4.8% - Here's Why

Key Points

• Cable One shares fell 4.8% in mid-day trading to as low as $102.79, with volume at 33,478 shares (about 79% below the average), down from a prior close of $108.79.
• The company reported a significant earnings miss—EPS of ($1.35) vs. analysts' $7.60 estimate and revenue of $363.74M vs. $368.59M—leaving a negative net margin of 23.74%.
• Analysts have cut targets and ratings across the board, leaving a MarketBeat consensus rating of "Reduce" and a consensus price target of $114.25.

Cable One, Inc. (NYSE:CABO - Get Free Report)'s stock price fell 4.8% during mid-day trading on Tuesday . The company traded as low as $102.79 and last traded at $103.57. 33,478 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 163,181 shares. The stock had previously closed at $108.79.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CABO. TD Cowen decreased their price objective on Cable One from $260.00 to $142.00 and set a "hold" rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Cable One from $175.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cable One in a research report on Wednesday, January 21st. Wells Fargo & Company decreased their target price on shares of Cable One from $107.00 to $90.00 and set an "underweight" rating on the stock in a research note on Friday, February 27th. Finally, Zacks Research raised Cable One from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Cable One has a consensus rating of "Reduce" and a consensus price target of $114.25.

Cable One Stock Performance

The firm has a market cap of $581.06 million, a PE ratio of -1.58 and a beta of 0.70. The firm's 50 day moving average price is $98.25 and its two-hundred day moving average price is $128.65. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.40 and a current ratio of 0.40.

Cable One (NYSE:CABO - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($1.35) EPS for the quarter, missing analysts' consensus estimates of $7.60 by ($8.95). The business had revenue of $363.74 million during the quarter, compared to analysts' expectations of $368.59 million. Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. On average, research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in Cable One by 172.6% during the 1st quarter. AQR Capital Management LLC now owns 16,947 shares of the company's stock worth $4,482,000 after acquiring an additional 10,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cable One by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company's stock valued at $893,000 after acquiring an additional 151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 worth $4,589,000 after purchasing an additional 2,467 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Cable One during the second quarter worth about $95,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Cable One by 278.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,617 shares of the company's stock worth $4,158,000 after purchasing an additional 22,519 shares in the last quarter. 89.92% of the stock is currently 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.

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