US Bancorp DE Reduces Position in Cable One, Inc. (NYSE:CABO)

US Bancorp DE trimmed its position in Cable One, Inc. (NYSE:CABO) by 50.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262 shares of the company’s stock after selling 262 shares during the quarter. US Bancorp DE’s holdings in Cable One were worth $92,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Cable One by 50.0% in the first quarter. Janney Montgomery Scott LLC now owns 759 shares of the company’s stock valued at $321,000 after buying an additional 253 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Cable One in the 1st quarter valued at about $311,000. Vanguard Group Inc. raised its position in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after acquiring an additional 48,513 shares in the last quarter. Covestor Ltd lifted its stake in Cable One by 142.5% during the first quarter. Covestor Ltd now owns 291 shares of the company’s stock worth $123,000 after purchasing an additional 171 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its holdings in Cable One by 26.2% in the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock valued at $86,353,000 after purchasing an additional 42,376 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Stock Down 2.5 %

Shares of NYSE CABO opened at $397.64 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of 9.20 and a beta of 0.84. Cable One, Inc. has a 52-week low of $311.28 and a 52-week high of $574.76. The business has a 50-day moving average price of $352.88 and a 200 day moving average price of $362.71. The company has a quick ratio of 1.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cable One has an average rating of “Hold” and a consensus target price of $531.67.

Cable One Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.