Cable One, Inc. $CABO is Private Management Group Inc.’s 5th Largest Position

Private Management Group Inc. boosted its holdings in Cable One, Inc. (NYSE:CABO) by 1.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 316,245 shares of the company’s stock after purchasing an additional 5,114 shares during the quarter. Cable One comprises 1.7% of Private Management Group Inc.’s portfolio, making the stock its 5th largest position. Private Management Group Inc. owned approximately 5.61% of Cable One worth $55,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Baupost Group LLC MA bought a new stake in shares of Cable One in the 3rd quarter worth approximately $12,068,000. Burgundy Asset Management Ltd. increased its position in Cable One by 18.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 474,730 shares of the company’s stock valued at $64,473,000 after buying an additional 72,327 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Cable One by 11.8% during the third quarter. DAVENPORT & Co LLC now owns 271,723 shares of the company’s stock valued at $48,109,000 after buying an additional 28,761 shares during the last quarter. Marshall Wace LLP boosted its holdings in Cable One by 4.3% in the third quarter. Marshall Wace LLP now owns 146,318 shares of the company’s stock worth $25,906,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Norges Bank bought a new stake in Cable One in the second quarter worth $8,336,000. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Up 1.0%

Shares of Cable One stock opened at $113.29 on Friday. Cable One, Inc. has a twelve month low of $70.37 and a twelve month high of $277.96. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.81. The company’s 50 day moving average is $98.10 and its 200 day moving average is $127.67. The company has a market cap of $642.35 million, a price-to-earnings ratio of -1.77 and a beta of 0.70.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, February 26th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of $7.60 by ($8.95). The company had revenue of $363.74 million during the quarter, compared to the consensus estimate of $368.59 million. Cable One had a positive return on equity of 7.36% and a negative net margin of 23.74%. Research analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current year.

Analyst Upgrades and Downgrades

CABO has been the subject of several analyst reports. Zacks Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target on the stock. in a research note on Tuesday, February 24th. TD Cowen cut their price objective on shares of Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company decreased their target price on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a report on Friday, February 27th. Five investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $114.25.

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.