Cable One, Inc. $CABO Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lessened its stake in Cable One, Inc. (NYSE:CABO) by 82.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,392 shares of the company’s stock after selling 139,838 shares during the quarter. Quantinno Capital Management LP’s holdings in Cable One were worth $2,772,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC grew its stake in Cable One by 18.5% during the first quarter. Renaissance Technologies LLC now owns 53,900 shares of the company’s stock worth $4,916,000 after buying an additional 8,400 shares during the period. Fifth Third Bancorp lifted its position in Cable One by 3,100.0% during the 1st quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock worth $102,000 after acquiring an additional 1,085 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Cable One in the 1st quarter worth approximately $294,000. Lee Danner & Bass Inc. boosted its holdings in Cable One by 218.7% in the 1st quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company’s stock worth $1,947,000 after acquiring an additional 14,650 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Cable One in the first quarter valued at approximately $730,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

NYSE CABO opened at $37.44 on Monday. The stock has a market capitalization of $212.27 million, a P/E ratio of -0.20 and a beta of 0.54. Cable One, Inc. has a 1 year low of $33.38 and a 1 year high of $180.74. The business’s fifty day moving average is $43.47 and its two-hundred day moving average is $73.17. The company has a debt-to-equity ratio of 9.27, a quick ratio of 1.75 and a current ratio of 0.48.

Analysts Set New Price Targets

CABO has been the subject of several recent analyst reports. TD Cowen lowered their target price on Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research note on Friday. Wells Fargo & Company lowered their target price on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $60.00 to $40.00 in a research report on Tuesday, July 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research report on Friday, July 17th. Finally, Williams Trading set a $86.00 target price on shares of Cable One in a research report on Friday. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Cable One has an average rating of “Reduce” and a consensus target price of $85.40.

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.