Vanguard Group Inc. lowered its holdings in shares of Cable One, Inc. (NYSE:CABO – Free Report) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,841 shares of the company’s stock after selling 50,639 shares during the period. Vanguard Group Inc. owned about 7.62% of Cable One worth $48,508,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Caprock Group LLC boosted its stake in Cable One by 107.2% during the fourth quarter. Caprock Group LLC now owns 21,860 shares of the company’s stock worth $2,467,000 after buying an additional 11,310 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Cable One by 18.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 927 shares of the company’s stock worth $105,000 after purchasing an additional 146 shares in the last quarter. SG Americas Securities LLC raised its position in Cable One by 129.7% in the fourth quarter. SG Americas Securities LLC now owns 10,123 shares of the company’s stock worth $1,142,000 after purchasing an additional 5,716 shares in the last quarter. Nordea Investment Management AB raised its position in Cable One by 31.7% in the fourth quarter. Nordea Investment Management AB now owns 72,159 shares of the company’s stock worth $8,316,000 after purchasing an additional 17,353 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Cable One by 155.1% in the fourth quarter. GAMMA Investing LLC now owns 630 shares of the company’s stock worth $71,000 after purchasing an additional 383 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CABO. TD Cowen dropped their price target on shares of Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Zacks Research lowered Cable One from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. BNP Paribas Exane lowered Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research note on Tuesday, February 24th. Wells Fargo & Company cut their price objective on Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a report on Monday, April 20th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Cable One currently has an average rating of “Reduce” and an average price target of $101.50.
Cable One Trading Down 4.3%
Shares of Cable One stock opened at $48.95 on Friday. The stock has a market capitalization of $277.68 million, a P/E ratio of -0.84 and a beta of 0.68. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.09. The company has a 50-day simple moving average of $92.50 and a 200 day simple moving average of $104.67. Cable One, Inc. has a 12-month low of $47.26 and a 12-month high of $180.74.
Cable One (NYSE:CABO – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $6.12 EPS for the quarter, missing the consensus estimate of $7.77 by ($1.65). The business had revenue of $352.96 million during the quarter, compared to analyst estimates of $359.59 million. Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%. Research analysts expect that Cable One, Inc. will post 30.57 earnings per share for the current fiscal year.
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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