Treasurer of the State of North Carolina boosted its holdings in shares of Cable One, Inc. (NYSE:CABO – Free Report) by 46.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,344 shares of the company’s stock after purchasing an additional 1,378 shares during the period. Treasurer of the State of North Carolina owned approximately 0.08% of Cable One worth $3,049,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of CABO. HighTower Advisors LLC purchased a new stake in Cable One during the 1st quarter valued at approximately $214,000. Raymond James Trust N.A. boosted its holdings in shares of Cable One by 6.3% in the first quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock valued at $274,000 after acquiring an additional 11 shares in the last quarter. Aviva PLC increased its stake in shares of Cable One by 1,312.1% during the first quarter. Aviva PLC now owns 4,081 shares of the company’s stock worth $5,976,000 after acquiring an additional 3,792 shares during the period. Bridgewater Associates LP purchased a new position in Cable One during the first quarter worth about $489,000. Finally, Federated Hermes Inc. lifted its position in Cable One by 19.4% in the first quarter. Federated Hermes Inc. now owns 899 shares of the company’s stock valued at $1,316,000 after purchasing an additional 146 shares during the period. 98.77% of the stock is currently owned by institutional investors and hedge funds.
Cable One Stock Performance
Shares of NYSE CABO opened at $666.52 on Tuesday. The company has a 50-day simple moving average of $672.12 and a 200-day simple moving average of $694.79. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.62 and a quick ratio of 1.75. The company has a market cap of $3.80 billion, a PE ratio of 38.91 and a beta of 0.87. Cable One, Inc. has a 12 month low of $602.70 and a 12 month high of $1,408.87.
Cable One Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Cable One from $680.00 to $670.00 in a research note on Friday, May 5th. Raymond James reduced their price target on shares of Cable One from $900.00 to $825.00 and set an “outperform” rating for the company in a research report on Friday. StockNews.com initiated coverage on Cable One in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, KeyCorp lowered their target price on Cable One from $1,275.00 to $1,175.00 and set an “overweight” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $992.50.
View Our Latest Research Report on CABO
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.
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