DAVENPORT & Co LLC Has $28.67 Million Holdings in Cable One, Inc. $CABO

DAVENPORT & Co LLC cut its position in shares of Cable One, Inc. (NYSE:CABO) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,032 shares of the company’s stock after selling 17,691 shares during the period. DAVENPORT & Co LLC owned 4.50% of Cable One worth $28,668,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after buying an additional 90 shares during the last quarter. Quarry LP lifted its stake in Cable One by 1,011.1% in the third quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 182 shares during the last quarter. Parallel Advisors LLC lifted its stake in Cable One by 2,288.9% in the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after acquiring an additional 206 shares during the last quarter. Quantbot Technologies LP bought a new stake in Cable One in the third quarter worth approximately $39,000. Finally, Hantz Financial Services Inc. grew its position in Cable One by 107.3% in the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after acquiring an additional 132 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Trading Up 5.5%

NYSE:CABO opened at $96.43 on Thursday. The company’s 50 day moving average is $97.95 and its 200-day moving average is $123.95. The company has a quick ratio of 0.40, a current 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 $277.96. The firm has a market cap of $546.76 million, a price-to-earnings ratio of -1.51 and a beta of 0.70.

Cable One (NYSE:CABO) last posted its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $368.59 million. Equities analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CABO shares. Zacks Research upgraded shares of Cable One from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a report on Tuesday, February 24th. TD Cowen lowered 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. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. Finally, Wells Fargo & Company reduced their price target on Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Cable One currently has an average rating of “Reduce” and an average price target of $114.25.

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.