Dimensional Fund Advisors LP Trims Stake in Cable One, Inc. $CABO

Key Points

• Dimensional Fund Advisors reduced its Cable One stake by 13% in the first quarter, selling 28,411 shares and retaining 190,437 shares worth approximately $17.4 million. Institutional investors collectively own 89.92% of the company.
• Cable One shares opened at $37.44, near their 52-week low of $33.38 and well below the $180.74 high; the company has a $212.3 million market capitalization and a debt-to-equity ratio of 2.09.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating from six analysts and an average price target of $85.40. Recent targets and ratings included price-target cuts from Wells Fargo and BNP Paribas Exane, while most analysts maintained Hold or Sell views.

Dimensional Fund Advisors LP lessened its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 13.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,437 shares of the company's stock after selling 28,411 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.36% of Cable One worth $17,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Quarry LP lifted its stake in shares of Cable One by 1,011.1% during the 3rd quarter. Quarry LP now owns 200 shares of the company's stock worth $35,000 after purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Cable One by 2,288.9% during the third quarter. Parallel Advisors LLC now owns 215 shares of the company's stock valued at $38,000 after buying an additional 206 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Cable One in the third quarter valued at about $39,000. State of Wyoming acquired a new stake in Cable One during the 2nd quarter worth about $50,000. Finally, US Bancorp DE grew its position in Cable One by 128.1% during the third quarter. US Bancorp DE now owns 308 shares of the company's stock valued at $55,000 after buying an additional 173 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Performance

CABO opened at $37.44 on Friday. Cable One, Inc. has a fifty-two week low of $33.38 and a fifty-two week high of $180.74. The business has a fifty day simple moving average of $43.47 and a 200-day simple moving average of $73.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.09. The firm has a market cap of $212.27 million, a PE ratio of -0.20 and a beta of 0.54.

Wall Street Analysts Forecast Growth

CABO has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Cable One from $90.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, May 1st. Zacks Research raised shares of Cable One from a "strong sell" rating to a "hold" rating in a research note on Friday, July 3rd. BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $60.00 to $40.00 in a research report on Tuesday, July 14th. Williams Trading set a $86.00 price objective on Cable One in a research report on Friday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Cable One in a research note on Friday, July 17th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $85.40.

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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