Cable One, Inc. (NYSE:CABO) Short Interest Update

Cable One, Inc. (NYSE:CABO) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 801,600 shares, a drop of 7.2% from the October 15th total of 864,200 shares. Approximately 18.0% of the company’s stock are sold short. Based on an average daily volume of 85,900 shares, the short-interest ratio is currently 9.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CABO. Geode Capital Management LLC lifted its position in shares of Cable One by 1.6% in the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock valued at $41,342,000 after acquiring an additional 1,839 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after buying an additional 29 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Cable One by 3.6% in the third quarter. MML Investors Services LLC now owns 2,090 shares of the company’s stock worth $731,000 after buying an additional 72 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of Cable One by 45.8% in the third quarter. XTX Topco Ltd now owns 4,160 shares of the company’s stock worth $1,455,000 after buying an additional 1,307 shares in the last quarter. Finally, Zimmer Partners LP boosted its position in shares of Cable One by 3.8% during the third quarter. Zimmer Partners LP now owns 27,550 shares of the company’s stock worth $9,637,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $531.67.

Cable One Price Performance

Shares of NYSE:CABO opened at $397.64 on Monday. The company has a market capitalization of $2.23 billion, a P/E ratio of 9.20 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’s 50 day simple moving average is $352.88 and its two-hundred day simple moving average is $362.48. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 1.81.

About Cable One

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.