Caprock Group LLC Invests $1.70 Million in Cable One, Inc. $CABO

Caprock Group LLC bought a new position in shares of Cable One, Inc. (NYSE:CABO) during the third quarter, Holdings Channel.com reports. The fund bought 10,550 shares of the company’s stock, valued at approximately $1,704,000.

Other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in shares of Cable One by 107.3% in the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after purchasing an additional 132 shares during the last quarter. State of Wyoming acquired a new stake in shares of Cable One during the 2nd quarter worth about $50,000. Atlantic Union Bankshares Corp bought a new stake in shares of Cable One during the 2nd quarter worth about $95,000. PNC Financial Services Group Inc. grew its stake in Cable One by 380.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 769 shares of the company’s stock valued at $104,000 after buying an additional 609 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Cable One in the 2nd quarter valued at about $104,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wells Fargo & Company dropped their price target on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Cable One presently has a consensus rating of “Reduce” and an average target price of $256.75.

Cable One Stock Performance

NYSE:CABO opened at $113.92 on Friday. The company has a market cap of $642.49 million, a price-to-earnings ratio of -1.40 and a beta of 0.74. Cable One, Inc. has a fifty-two week low of $70.37 and a fifty-two week high of $295.00. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a fifty day moving average price of $105.09 and a 200-day moving average price of $133.23.

Cable One 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.