American Century Companies Inc. Sells 581,818 Shares of Cable One, Inc. $CABO

American Century Companies Inc. cut its stake in Cable One, Inc. (NYSE:CABO) by 80.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,289 shares of the company’s stock after selling 581,818 shares during the quarter. American Century Companies Inc. owned about 2.56% of Cable One worth $25,546,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in Cable One by 180.0% during the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after purchasing an additional 90 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Cable One in the 3rd quarter valued at about $39,000. Hantz Financial Services Inc. grew its position in shares of Cable One by 107.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after buying an additional 132 shares during the last quarter. State of Wyoming bought a new position in shares of Cable One during the 2nd quarter worth approximately $50,000. Finally, US Bancorp DE raised its stake in shares of Cable One by 128.1% during the 3rd quarter. US Bancorp DE now owns 308 shares of the company’s stock worth $55,000 after acquiring an additional 173 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Trading Up 1.7%

NYSE:CABO opened at $111.88 on Monday. The company has a market capitalization of $634.36 million, a P/E ratio of -1.75 and a beta of 0.70. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. Cable One, Inc. has a 12 month low of $70.37 and a 12 month high of $290.48. The firm has a fifty day simple moving average of $98.43 and a 200-day simple moving average of $128.96.

Cable One (NYSE:CABO) last released its earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $7.60 by ($8.95). The firm had revenue of $363.74 million during the quarter, compared to analyst estimates of $368.59 million. Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. On average, equities research analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CABO. TD Cowen lowered their target price on shares of Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price objective on Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Zacks Research raised Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company dropped their target price on Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. Five analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Cable One presently has a consensus rating of “Reduce” and an average price target of $114.25.

Cable One 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.