Pacer Advisors Inc. purchased a new stake in shares of Cable One, Inc. (NYSE:CABO – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund purchased 37,218 shares of the company’s stock, valued at approximately $3,395,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings 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 buying an additional 10,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 buying an additional 151 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $4,589,000 after acquiring an additional 2,467 shares during the period. Creative Planning boosted its holdings in Cable One by 59.7% in the second quarter. Creative Planning now owns 3,238 shares of the company’s stock valued at $440,000 after acquiring an additional 1,210 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Cable One by 16,600.0% in the second quarter. Federated Hermes Inc. now owns 1,002 shares of the company’s stock valued at $136,000 after acquiring an additional 996 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on CABO. BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $60.00 to $40.00 in a report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Friday, July 17th. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Wells Fargo & Company reduced their price objective 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. Finally, TD Cowen lowered 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. Four 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.com, the stock has a consensus rating of “Reduce” and a consensus target price of $91.50.
Cable One Price Performance
Shares of CABO opened at $44.56 on Friday. The stock has a market cap of $252.64 million, a P/E ratio of -0.76 and a beta of 0.54. Cable One, Inc. has a 1 year low of $33.38 and a 1 year high of $180.74. The stock’s 50-day moving average price is $43.78 and its two-hundred day moving average price is $73.51. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09.
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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