Empowered Funds LLC Invests $1.18 Million in Cable One, Inc. $CABO

Empowered Funds LLC purchased a new stake in shares of Cable One, Inc. (NYSE:CABO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,260 shares of the company’s stock, valued at approximately $1,182,000. Empowered Funds LLC owned 0.39% of Cable One at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CABO. Man Group plc acquired a new stake in Cable One during the 2nd quarter valued at $4,972,000. Pacer Advisors Inc. acquired a new stake in shares of Cable One in the first quarter worth $3,395,000. Lee Danner & Bass Inc. grew its holdings in shares of Cable One by 218.7% during the first quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company’s stock valued at $1,947,000 after buying an additional 14,650 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Cable One during the second quarter valued at $1,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Cable One during the second quarter valued at $1,419,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CABO shares. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and decreased their price objective for the stock from $60.00 to $40.00 in a research report on Tuesday, July 14th. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. TD Cowen reduced their price target on shares of Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Cable One from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, August 26th. Finally, Williams Trading set a $86.00 price target on shares of Cable One in a report on Friday, August 7th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $85.40.

Cable One Trading Down 2.1%

Cable One stock opened at $25.52 on Friday. Cable One, Inc. has a one year low of $21.98 and a one year high of $180.74. The company’s fifty day moving average price is $36.70 and its two-hundred day moving average price is $64.40. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market capitalization of $144.70 million, a price-to-earnings ratio of -0.14 and a beta of 0.48.

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.