Cable One, Inc. $CABO Stake Boosted by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in shares of Cable One, Inc. (NYSE:CABO) by 31.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,159 shares of the company’s stock after buying an additional 17,353 shares during the period. Nordea Investment Management AB’s holdings in Cable One were worth $8,316,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Baupost Group LLC MA acquired a new position in shares of Cable One in the third quarter worth about $12,068,000. Burgundy Asset Management Ltd. raised its holdings in shares of Cable One by 18.0% during the second quarter. Burgundy Asset Management Ltd. now owns 474,730 shares of the company’s stock valued at $64,473,000 after acquiring an additional 72,327 shares during the period. Private Management Group Inc. raised its holdings in shares of Cable One by 1.6% during the third quarter. Private Management Group Inc. now owns 316,245 shares of the company’s stock valued at $55,991,000 after acquiring an additional 5,114 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Cable One by 11.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 271,723 shares of the company’s stock valued at $48,109,000 after acquiring an additional 28,761 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Cable One by 4.3% in the 3rd quarter. Marshall Wace LLP now owns 146,318 shares of the company’s stock valued at $25,906,000 after acquiring an additional 6,000 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Price Performance

NYSE CABO opened at $96.43 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. The firm has a market capitalization of $546.76 million, a price-to-earnings ratio of -1.51 and a beta of 0.70. The company has a 50 day simple moving average of $97.95 and a 200-day simple moving average of $123.95. Cable One, Inc. has a 52-week low of $70.37 and a 52-week high of $277.96.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TD Cowen lowered their price objective 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. Zacks Research upgraded Cable One from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. BNP Paribas Exane downgraded Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target on the stock. in a report on Tuesday, February 24th. Finally, Wells Fargo & Company lowered their price target on Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a report on Friday, February 27th. One research 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’s stock. According to data from MarketBeat.com, the company 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.