61,378 Shares in Cable One, Inc. $CABO Acquired by Norges Bank

Norges Bank acquired a new stake in Cable One, Inc. (NYSE:CABO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 61,378 shares of the company’s stock, valued at approximately $8,336,000. Norges Bank owned 1.09% of Cable One as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group grew its holdings in shares of Cable One by 5,233.3% during the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock valued at $43,000 after acquiring an additional 157 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Cable One by 171.2% during the second quarter. Signaturefd LLC now owns 320 shares of the company’s stock worth $43,000 after acquiring an additional 202 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Cable One during the second quarter valued at $95,000. PNC Financial Services Group Inc. grew its stake in Cable One by 380.6% in the second quarter. PNC Financial Services Group Inc. now owns 769 shares of the company’s stock valued at $104,000 after purchasing an additional 609 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in Cable One by 26.9% in the first quarter. Ancora Advisors LLC now owns 825 shares of the company’s stock valued at $219,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Wells Fargo & Company cut their price objective on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. JPMorgan Chase & Co. reduced their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $256.75.

Cable One Stock Down 0.7%

CABO opened at $120.95 on Wednesday. The business has a 50 day moving average price of $139.26 and a 200 day moving average price of $144.00. Cable One, Inc. has a twelve month low of $96.67 and a twelve month high of $403.39. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market cap of $682.13 million, a P/E ratio of -1.49 and a beta of 0.79.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $5.17 EPS for the quarter, missing the consensus estimate of $9.25 by ($4.08). Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The company had revenue of $376.01 million for the quarter, compared to analyst estimates of $378.96 million. Research analysts forecast that Cable One, Inc. will post 32.08 EPS for the current year.

Cable One 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.