Cable One (NYSE:CABO) Shares Down 6.4% - Here's Why

Key Points

• Shares of Cable One fell 6.4% to about $105.80 on Monday on light volume (~32,653 shares), after closing at $113.04, leaving a market cap near $615 million.
• Several analysts cut ratings and price targets (Wells Fargo to "underweight" with $90 PT, BNP Paribas to "underperform" $80, TD Cowen lowered its target), and the stock's consensus rating is "Reduce" with an average target of $114.25.
• The company reported a major quarterly earnings miss — EPS of ($1.35) vs. $7.60 expected and revenue of $363.74M vs. $368.59M expected — and showed a negative net margin of 23.74% despite a positive ROE.

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) dropped 6.4% on Monday . The stock traded as low as $106.41 and last traded at $105.7970. Approximately 32,653 shares were traded during trading, a decline of 80% from the average daily volume of 162,104 shares. The stock had previously closed at $113.04.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CABO shares. Zacks Research upgraded shares of Cable One from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of Cable One from $107.00 to $90.00 and set an "underweight" rating for the company in a research report on Friday, February 27th. BNP Paribas Exane lowered shares of Cable One from a "neutral" rating to an "underperform" rating and set a $80.00 price target on the stock. in a research note on Tuesday, February 24th. TD Cowen lowered 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. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Cable One in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Cable One presently has an average rating of "Reduce" and an average target price of $114.25.

Cable One Trading Down 4.0%

The firm has a market capitalization of $615.01 million, a PE ratio of -1.69 and a beta of 0.70. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.40 and a current ratio of 0.40. The company's 50-day moving average price is $98.10 and its 200-day moving average price is $127.21.

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

Institutional Investors Weigh In On Cable One

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised 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 valued at $4,482,000 after acquiring an additional 10,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cable One by 4.7% in 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Cable One by 380.6% during the second quarter. PNC Financial Services Group Inc. now owns 769 shares of the company's stock worth $104,000 after purchasing an additional 609 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Cable One by 7.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company's stock worth $178,000 after purchasing an additional 96 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.

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