Cable One, Inc. $CABO Stock Position Boosted by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB boosted its stake in Cable One by 31.7% in Q4 to 72,159 shares (about 1.28% of the company) as institutional investors now own roughly 89.92% of the stock.
• Cable One posted a dramatic quarterly EPS miss — ($1.35) vs. $7.60 expected — with revenue slightly below estimates, a negative net margin of 23.74%, and a market capitalization near $547 million.
• Several brokers have cut targets and ratings, leaving a consensus "Reduce" rating and an average price target of $114.25 following multiple downgrades.

Nordea Investment Management AB raised its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,159 shares of the company's stock after buying an additional 17,353 shares during the period. Nordea Investment Management AB owned approximately 1.28% of Cable One worth $8,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Caprock Group LLC bought a new position in shares of Cable One in the third quarter valued at approximately $1,704,000. Squarepoint Ops LLC bought a new stake in Cable One during the second quarter worth approximately $1,816,000. Marshall Wace LLP raised its holdings in Cable One by 74.7% during the second quarter. Marshall Wace LLP now owns 140,318 shares of the company's stock worth $19,057,000 after purchasing an additional 60,012 shares in the last quarter. Goldentree Asset Management LP acquired a new stake in Cable One in the third quarter worth approximately $13,033,000. Finally, Advisors Asset Management Inc. lifted its position in Cable One by 64.4% in the second quarter. Advisors Asset Management Inc. now owns 9,625 shares of the company's stock worth $1,307,000 after purchasing an additional 3,771 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CABO. TD Cowen lowered their price target on Cable One from $260.00 to $142.00 and set a "hold" rating on the stock in a research 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 objective for the company. in a report on Tuesday, February 24th. Zacks Research raised Cable One from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 12th. Wells Fargo & Company lowered their target price on Cable One from $107.00 to $90.00 and set an "underweight" rating on the stock in a report on Friday, February 27th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Cable One in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $114.25.

Cable One Trading Up 5.5%

Shares of NYSE:CABO opened at $96.43 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $546.76 million, a price-to-earnings ratio of -1.51 and a beta of 0.70. Cable One, Inc. has a 1-year low of $70.37 and a 1-year high of $277.96. The company has a 50 day moving average price of $97.95 and a 200 day moving average price of $123.95.

Cable One (NYSE:CABO - Get Free Report) last posted 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). The company had revenue of $363.74 million during the quarter, compared to the consensus estimate of $368.59 million. Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. On average, research analysts anticipate that Cable One, Inc. will post 32.08 EPS 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.

Want to see what other hedge funds are holding CABO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cable One, Inc. (NYSE:CABO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.