Quinn Opportunity Partners LLC Has $2.03 Million Holdings in Cable One, Inc. $CABO

Quinn Opportunity Partners LLC raised its stake in shares of Cable One, Inc. (NYSE:CABO) by 66.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,978 shares of the company’s stock after buying an additional 6,000 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.27% of Cable One worth $2,034,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Cable One in the first quarter valued at approximately $30,000. Brooklyn Investment Group grew its stake in Cable One by 5,233.3% in the first quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock valued at $43,000 after acquiring an additional 157 shares during the period. Signaturefd LLC raised its position 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 purchasing an additional 202 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Cable One during the 2nd quarter valued at about $95,000. Finally, Spire Wealth Management grew its position in shares of Cable One by 117.5% in the 2nd quarter. Spire Wealth Management now owns 831 shares of the company’s stock valued at $113,000 after purchasing an additional 449 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Stock Performance

Shares of CABO opened at $118.99 on Wednesday. The company has a market cap of $669.79 million, a PE ratio of -1.46 and a beta of 0.86. The firm has a 50-day moving average of $160.55 and a 200-day moving average of $153.98. Cable One, Inc. has a one year low of $116.13 and a one year high of $436.99. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.37.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, November 6th. The company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. As a group, equities analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current year.

Analysts Set New Price Targets

CABO has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $276.00.

About Cable One

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.