Cable One, Inc. $CABO is 14B Captial Management LP’s 8th Largest Position

14B Captial Management LP cut its stake in Cable One, Inc. (NYSE:CABO) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,500 shares of the company’s stock after selling 7,500 shares during the period. Cable One comprises about 6.2% of 14B Captial Management LP’s investment portfolio, making the stock its 8th largest position. 14B Captial Management LP owned 1.05% of Cable One worth $10,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Cable One by 32.5% in the third quarter. Ameriprise Financial Inc. now owns 57,870 shares of the company’s stock valued at $10,246,000 after purchasing an additional 14,198 shares during the period. Creative Planning increased its holdings in Cable One by 295.2% during the 3rd quarter. Creative Planning now owns 12,795 shares of the company’s stock worth $2,265,000 after purchasing an additional 9,557 shares during the period. Brooklyn Investment Group increased its holdings in Cable One by 2,820.9% during the 3rd quarter. Brooklyn Investment Group now owns 2,512 shares of the company’s stock worth $445,000 after purchasing an additional 2,426 shares during the period. Bridgeway Capital Management LLC raised its position in Cable One by 4.3% during the 3rd quarter. Bridgeway Capital Management LLC now owns 37,020 shares of the company’s stock valued at $6,554,000 after purchasing an additional 1,516 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in Cable One during the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Trading Up 1.0%

NYSE CABO opened at $113.29 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.81. The firm has a market cap of $642.35 million, a PE ratio of -1.77 and a beta of 0.70. The company has a 50 day moving average price of $98.10 and a 200 day moving average price of $127.46. Cable One, Inc. has a 52 week low of $70.37 and a 52 week high of $277.96.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, February 26th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of $7.60 by ($8.95). Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. The firm had revenue of $363.74 million for the quarter, compared to analysts’ expectations of $368.59 million. As a group, sell-side analysts forecast that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CABO has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. Zacks Research upgraded Cable One from a “hold” rating to a “strong-buy” rating in a report on Thursday. BNP Paribas Exane lowered shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research note on Tuesday, February 24th. Wells Fargo & Company dropped their target price on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a report on Friday, February 27th. Finally, TD Cowen cut their target price on shares of Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. One equities research 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. According to MarketBeat, the company presently has an average 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.