Vanguard Group Inc. Decreases Holdings in Cable One, Inc. $CABO

Vanguard Group Inc. trimmed its stake in Cable One, Inc. (NYSE:CABO) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 480,480 shares of the company’s stock after selling 40,729 shares during the quarter. Vanguard Group Inc. owned approximately 8.53% of Cable One worth $85,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Burgundy Asset Management Ltd. grew its holdings in Cable One by 18.0% during the second quarter. Burgundy Asset Management Ltd. now owns 474,730 shares of the company’s stock valued at $64,473,000 after purchasing an additional 72,327 shares during the period. Private Management Group Inc. raised its stake in shares of Cable One by 103.9% during the 2nd quarter. Private Management Group Inc. now owns 311,131 shares of the company’s stock valued at $42,255,000 after purchasing an additional 158,564 shares during the period. DAVENPORT & Co LLC boosted its stake in Cable One by 11.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 271,723 shares of the company’s stock worth $48,109,000 after purchasing an additional 28,761 shares during the period. Marshall Wace LLP boosted its position in shares of Cable One by 74.7% in the second quarter. Marshall Wace LLP now owns 140,318 shares of the company’s stock valued at $19,057,000 after acquiring an additional 60,012 shares during the period. Finally, Norges Bank bought a new position in shares of Cable One in the second quarter worth approximately $8,336,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

Cable One stock opened at $109.75 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. The firm has a market cap of $622.28 million, a P/E ratio of -1.71 and a beta of 0.70. Cable One, Inc. has a 1-year low of $70.37 and a 1-year high of $290.48. The firm has a 50-day moving average of $98.53 and a 200-day moving average of $129.68.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, February 26th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of $7.60 by ($8.95). The business had revenue of $363.74 million during the quarter, compared to analysts’ expectations of $368.59 million. Cable One had a positive return on equity of 7.36% and a negative net margin of 23.74%. Sell-side analysts expect that Cable One, Inc. will post 32.08 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CABO. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company reduced their target price on Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. BNP Paribas Exane lowered Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a research note on Tuesday, February 24th. JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, TD Cowen decreased their price objective on Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a report on Friday, February 27th. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $114.25.

About Cable One

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.