Caprock Group LLC Takes $1.70 Million Position in Cable One, Inc. $CABO

Caprock Group LLC acquired a new position in shares of Cable One, Inc. (NYSE:CABO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,550 shares of the company’s stock, valued at approximately $1,704,000. Caprock Group LLC owned 0.19% of Cable One as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CABO. Hantz Financial Services Inc. increased its holdings in Cable One by 107.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after purchasing an additional 132 shares in the last quarter. State of Wyoming acquired a new position in shares of Cable One during the second quarter worth about $50,000. Atlantic Union Bankshares Corp bought a new position in shares of Cable One during the second quarter worth about $95,000. PNC Financial Services Group Inc. raised its position in Cable One by 380.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 769 shares of the company’s stock valued at $104,000 after buying an additional 609 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Cable One in the 2nd quarter valued at approximately $104,000. 89.92% of the stock is owned by institutional investors.

Cable One Stock Performance

Shares of CABO stock opened at $113.92 on Friday. The company has a fifty day moving average price of $105.09 and a two-hundred day moving average price of $133.23. Cable One, Inc. has a one year low of $70.37 and a one year high of $295.00. The stock has a market cap of $642.49 million, a P/E ratio of -1.40 and a beta of 0.74. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CABO. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company reduced their target price on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a report on Friday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $256.75.

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.