Cable One, Inc. $CABO Shares Purchased by Caprock Group LLC

Key Points

• Caprock Group LLC more than doubled its stake in Cable One, boosting holdings by 107.2% in Q4 to 21,860 shares (about 0.39% of the company) valued at roughly $2.47 million, as institutional ownership stands near 89.9%.
• Cable One reported a dramatic earnings miss—EPS of ($1.35) vs. analyst expectations of $7.60, with a negative net margin of 23.74% and revenue slightly below estimates—while the stock trades around $102 with a market cap of about $582 million.
• Several research firms have downgraded the stock and cut targets (including Wells Fargo, BNP Paribas Exane and TD Cowen), leaving a MarketBeat consensus rating of "Reduce" and a consensus target price of $114.25.

Caprock Group LLC boosted its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 107.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,860 shares of the company's stock after acquiring an additional 11,310 shares during the quarter. Caprock Group LLC owned about 0.39% of Cable One worth $2,467,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CABO. EverSource Wealth Advisors LLC grew its stake in shares of Cable One by 180.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company's stock worth $25,000 after purchasing an additional 90 shares during the period. Quarry LP lifted its stake in shares of Cable One by 1,011.1% in the third quarter. Quarry LP now owns 200 shares of the company's stock valued at $35,000 after purchasing an additional 182 shares during the period. Parallel Advisors LLC boosted its holdings in Cable One by 2,288.9% during the third quarter. Parallel Advisors LLC now owns 215 shares of the company's stock worth $38,000 after buying an additional 206 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Cable One during the third quarter worth about $39,000. Finally, Hantz Financial Services Inc. grew its position in Cable One by 107.3% during the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company's stock worth $45,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CABO shares. Wells Fargo & Company dropped their target price on shares of Cable One from $107.00 to $90.00 and set an "underweight" rating for the company in a report on Friday, February 27th. BNP Paribas Exane lowered Cable One from a "neutral" rating to an "underperform" rating and set a $80.00 price target on the stock. in a research note on Tuesday, February 24th. TD Cowen dropped their price objective on Cable One from $260.00 to $142.00 and set a "hold" rating for the company in a research note on Friday, February 27th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cable One in a report on Monday. Finally, Zacks Research downgraded Cable One from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 16th. Five equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $114.25.

Cable One Stock Performance

NYSE:CABO opened at $102.70 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $582.29 million, a P/E ratio of -1.60 and a beta of 0.69. The firm has a 50-day moving average price of $101.67 and a two-hundred day moving average price of $113.59. Cable One, Inc. has a twelve month low of $70.37 and a twelve month high of $277.55.

Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $7.60 by ($8.95). Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. The business had revenue of $363.74 million during the quarter, compared to analysts' expectations of $368.59 million. As a group, research analysts expect that Cable One, Inc. will post 36.9 earnings per share for the current fiscal year.

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.

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