Landscape Capital Management L.L.C. Grows Stake in Cable One, Inc. $CABO

Landscape Capital Management L.L.C. raised its holdings in shares of Cable One, Inc. (NYSE:CABO) by 87.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,859 shares of the company’s stock after purchasing an additional 21,331 shares during the period. Landscape Capital Management L.L.C. owned 0.81% of Cable One worth $8,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in Cable One by 180.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after buying an additional 90 shares in the last quarter. Parallel Advisors LLC raised its stake in Cable One by 2,288.9% in the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after buying an additional 206 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Cable One in the third quarter worth about $39,000. Hantz Financial Services Inc. boosted its holdings in Cable One by 107.3% in the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after acquiring an additional 132 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Cable One during the second quarter worth about $50,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

Shares of Cable One stock traded up $3.27 on Friday, reaching $115.39. 11,920 shares of the stock were exchanged, compared to its average volume of 162,916. The business has a 50 day moving average price of $97.93 and a two-hundred day moving average price of $128.01. The firm has a market capitalization of $654.26 million, a price-to-earnings ratio of -1.79 and a beta of 0.70. 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.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CABO. 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 report on Friday, February 27th. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 target price for the company. in a research note on Tuesday, February 24th. Wells Fargo & Company dropped their target price on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a research report on Friday, February 27th. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus 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.