Cable One (NYSE:CABO) Trading Down 6.5% - Time to Sell?

Cable One, Inc. (NYSE:CABO - Get Free Report)'s stock price fell 6.5% during trading on Thursday . The stock traded as low as $135.68 and last traded at $136.00. 120,716 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 129,792 shares. The stock had previously closed at $145.44.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CABO. Raymond James downgraded Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Wells Fargo & Company cut their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, KeyCorp restated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd.

Cable One Trading Up 0.4%

The company has a market cap of $768.50 million, a price-to-earnings ratio of 3.16 and a beta of 1.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $206.19 and a 200 day simple moving average of $284.03.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. The company had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. As a group, equities analysts forecast that Cable One, Inc. will post 32.08 EPS for the current year.

Hedge Funds Weigh In On Cable One

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Cable One during the 1st quarter valued at $30,000. Brooklyn Investment Group lifted its stake in shares of Cable One by 5,233.3% in the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company's stock worth $43,000 after purchasing an additional 157 shares during the period. AlphaQuest LLC purchased a new position in Cable One during the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC lifted its holdings in Cable One by 1,435.7% during the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock valued at $58,000 after purchasing an additional 201 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.