Cable One, Inc. (NYSE:CABO – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,475,526 shares, a growth of 55.8% from the September 15th total of 947,150 shares. Approximately 26.2% of the shares of the company are sold short. Based on an average daily volume of 463,029 shares, the days-to-cover ratio is currently 3.2 days.
Institutional Trading of Cable One
A number of institutional investors and hedge funds have recently made changes to their positions in CABO. Integrated Wealth Concepts LLC acquired a new position in shares of Cable One during the 2nd quarter worth approximately $34,000. Squarepoint Ops LLC acquired a new stake in Cable One in the 2nd quarter valued at $1,203,000. Corient Private Wealth LP grew its stake in Cable One by 34.9% in the 2nd quarter. Corient Private Wealth LP now owns 16,807 shares of the company’s stock valued at $893,000 after acquiring an additional 4,351 shares during the period. Susquehanna International Group LLP grew its stake in Cable One by 626.5% in the 2nd quarter. Susquehanna International Group LLP now owns 40,336 shares of the company’s stock valued at $2,142,000 after acquiring an additional 34,784 shares during the period. Finally, Private Management Group Inc. grew its stake in Cable One by 55.1% in the 2nd quarter. Private Management Group Inc. now owns 471,990 shares of the company’s stock valued at $25,067,000 after acquiring an additional 167,590 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Cable One Price Performance
NYSE CABO traded down $0.84 during trading hours on Friday, reaching $7.62. The company’s stock had a trading volume of 382,996 shares, compared to its average volume of 271,322. The firm has a market capitalization of $43.23 million, a price-to-earnings ratio of -0.04 and a beta of 0.52. Cable One has a 1-year low of $7.41 and a 1-year high of $168.54. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48. The company’s 50-day moving average is $20.94 and its two-hundred day moving average is $46.29.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Cable One from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. BNP Paribas Exane dropped their price target on shares of Cable One from $40.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Wall Street Zen cut shares of Cable One from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Finally, TD Cowen decreased their price objective on shares of Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $80.00.
Check Out Our Latest Analysis on Cable One
About Cable One
Cable One, Inc (NYSE: CABO) is a broadband communications provider serving residential and business customers in communities across the United States. The company operates primarily through the Sparklight brand and provides high-speed internet, video and voice services, along with related communications solutions.
For residential customers, Cable One offers broadband internet access, television programming and digital phone services. Its business operations provide internet connectivity, data transport, voice services, managed solutions and other telecommunications products to small and medium-sized businesses, enterprise customers and institutions.
See Also
- Five stocks we like better than Cable One
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Receive News & Ratings for Cable One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One and related companies with MarketBeat.com's FREE daily email newsletter.
