Cable One (NYSE:CABO – Free Report) had its price target lowered by JPMorgan Chase & Co. from $480.00 to $470.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.
Cable One Trading Down 2.6 %
Shares of NYSE:CABO opened at $397.04 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 1.81 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $2.23 billion, a PE ratio of 9.18 and a beta of 0.84. Cable One has a 1 year low of $311.28 and a 1 year high of $574.76. The firm has a fifty day moving average price of $352.88 and a 200 day moving average price of $362.93.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in CABO. Versant Capital Management Inc boosted its position in Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after purchasing an additional 95 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Cable One in the second quarter worth $45,000. GAMMA Investing LLC boosted its holdings in shares of Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after buying an additional 135 shares during the period. KBC Group NV grew its stake in Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after buying an additional 50 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.
Cable One Company Profile
Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.
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