Vanguard Group Inc. Has $48.51 Million Stock Holdings in Cable One, Inc. $CABO

Vanguard Group Inc. cut its holdings in Cable One, Inc. (NYSE:CABO) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 429,841 shares of the company’s stock after selling 50,639 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of Cable One worth $48,508,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Caprock Group LLC lifted its position in shares of 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 purchasing an additional 11,310 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Cable One by 18.7% during 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 lifted its position in shares of Cable One by 129.7% during 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 lifted its position in shares of Cable One by 31.7% during 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 lifted its position in shares of Cable One by 155.1% during 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. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CABO. BNP Paribas Exane lowered shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research report on Tuesday, February 24th. Zacks Research cut Cable One from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Wells Fargo & Company lowered their target price on Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. TD Cowen lowered their target price on Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $101.50.

Cable One Trading Down 4.3%

NYSE:CABO opened at $48.95 on Friday. Cable One, Inc. has a 1-year low of $47.26 and a 1-year high of $180.74. The business’s 50-day moving average price is $92.50 and its two-hundred day moving average price is $104.67. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $277.68 million, a price-to-earnings ratio of -0.84 and a beta of 0.68.

Cable One (NYSE:CABO) last released its earnings results on Thursday, April 30th. The company reported $6.12 earnings per share for the quarter, missing the consensus estimate of $7.77 by ($1.65). The company had revenue of $352.96 million during the quarter, compared to analyst estimates of $359.59 million. Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. On average, equities analysts expect that Cable One, Inc. will post 30.57 earnings per share for the current 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.