DAVENPORT & Co LLC Sells 17,691 Shares of Cable One, Inc. $CABO

DAVENPORT & Co LLC lessened its holdings in shares of Cable One, Inc. (NYSE:CABO) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 254,032 shares of the company’s stock after selling 17,691 shares during the quarter. DAVENPORT & Co LLC’s holdings in Cable One were worth $28,668,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CABO. Caprock Group LLC bought a new position in Cable One in the 3rd quarter worth approximately $1,704,000. Squarepoint Ops LLC bought a new stake in shares of Cable One in the second quarter valued at approximately $1,816,000. Marshall Wace LLP boosted its position in shares of Cable One by 74.7% in the second quarter. Marshall Wace LLP now owns 140,318 shares of the company’s stock valued at $19,057,000 after acquiring an additional 60,012 shares during the period. Goldentree Asset Management LP acquired a new stake in shares of Cable One in the third quarter worth $13,033,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Cable One by 64.4% in the second quarter. Advisors Asset Management Inc. now owns 9,625 shares of the company’s stock worth $1,307,000 after acquiring an additional 3,771 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

CABO opened at $96.43 on Thursday. The stock’s 50 day simple moving average is $97.95 and its 200-day simple moving average is $123.95. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. The stock has a market cap of $546.76 million, a PE ratio of -1.51 and a beta of 0.70. Cable One, Inc. has a 1 year low of $70.37 and a 1 year high of $277.96.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, February 26th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $363.74 million during the quarter, compared to the consensus estimate of $368.59 million. Sell-side analysts forecast that Cable One, Inc. will post 32.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CABO. Wells Fargo & Company cut their target price on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research note on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. TD Cowen dropped 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. Zacks Research raised shares of Cable One from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average 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.