Cable One, Inc. $CABO Shares Sold by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management cut its Cable One stake by 82.1% in the first quarter, selling 139,838 shares and retaining 30,392 shares valued at approximately $2.77 million.
• Other institutional investors made sizable purchases or increased their positions, and institutions and hedge funds collectively own about 89.92% of Cable One.
• Cable One shares opened at $37.44, near their 12-month low of $33.38. Analysts maintain a cautious outlook, with an average “Reduce” rating and a consensus price target of $85.40.

Quantinno Capital Management LP lowered its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 82.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,392 shares of the company's stock after selling 139,838 shares during the quarter. Quantinno Capital Management LP owned about 0.54% of Cable One worth $2,772,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CABO. Baupost Group LLC MA purchased a new position in Cable One during the 3rd quarter valued at about $12,068,000. Balyasny Asset Management L.P. increased its holdings in Cable One by 912.7% in the second quarter. Balyasny Asset Management L.P. now owns 57,297 shares of the company's stock valued at $7,782,000 after buying an additional 51,639 shares during the last quarter. Man Group plc raised its stake in Cable One by 669.3% in the fourth quarter. Man Group plc now owns 51,300 shares of the company's stock valued at $5,789,000 after buying an additional 44,632 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in Cable One during the 2nd quarter worth about $4,822,000. Finally, Ameriprise Financial Inc. lifted its stake in Cable One by 246.2% during the second quarter. Ameriprise Financial Inc. now owns 43,672 shares of the company's stock worth $5,931,000 after purchasing an additional 31,057 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Trading Up 0.3%

Shares of CABO stock opened at $37.44 on Monday. The company has a market capitalization of $212.27 million, a price-to-earnings ratio of -0.20 and a beta of 0.54. The company has a current ratio of 0.48, a quick ratio of 1.75 and a debt-to-equity ratio of 9.27. The firm has a 50-day moving average price of $43.47 and a 200 day moving average price of $73.17. Cable One, Inc. has a twelve month low of $33.38 and a twelve month high of $180.74.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Cable One in a research report on Friday, July 17th. Zacks Research raised Cable One from a "strong sell" rating to a "hold" rating in a report on Friday, July 3rd. TD Cowen lowered their target price on shares of Cable One from $111.00 to $86.00 and set a "hold" rating on the stock in a report on Friday. Williams Trading set a $86.00 price target on shares of Cable One in a research note on Friday. Finally, BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and dropped their target price for the stock from $60.00 to $40.00 in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $85.40.

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.

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