Cable One, Inc. $CABO Position Cut by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its holdings in Cable One, Inc. (NYSE:CABO) by 82.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,190 shares of the company’s stock after selling 10,090 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Cable One were worth $388,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CABO. EverSource Wealth Advisors LLC boosted its holdings in shares of Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after acquiring an additional 90 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Cable One by 7.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock valued at $178,000 after purchasing an additional 96 shares in the last quarter. AlphaQuest LLC increased its position in shares of Cable One by 9.2% during the 3rd quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock valued at $216,000 after purchasing an additional 103 shares during the period. Federated Hermes Inc. increased its position in shares of Cable One by 11.5% during the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock valued at $198,000 after purchasing an additional 115 shares during the period. Finally, Hantz Financial Services Inc. raised its stake 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 in the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CABO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target on the stock. in a research report on Tuesday, February 24th. Wells Fargo & Company cut their price target on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a report on Friday, February 27th. TD Cowen reduced their price objective on shares of Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Five investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $114.25.

Cable One Trading Up 10.8%

NYSE:CABO opened at $114.09 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.40 and a quick ratio of 0.40. Cable One, Inc. has a fifty-two week low of $70.37 and a fifty-two week high of $277.96. The stock’s 50-day moving average is $97.95 and its two-hundred day moving average is $128.12. The stock has a market cap of $646.91 million, a PE ratio of -1.78 and a beta of 0.70.

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

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.