Cable One, Inc. (NYSE:CABO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Cable One, Inc. (NYSE:CABO) by 52.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,240 shares of the company’s stock after selling 30,240 shares during the quarter. Principal Financial Group Inc. owned 0.48% of Cable One worth $9,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board boosted its holdings in Cable One by 1,906.2% in the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock valued at $67,911,000 after purchasing an additional 152,496 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Cable One by 42.4% during the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock worth $102,894,000 after buying an additional 86,581 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Cable One by 4,228.5% during the second quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock worth $21,436,000 after buying an additional 60,045 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after buying an additional 48,513 shares during the period. Finally, Private Management Group Inc. raised its holdings in Cable One by 70.7% in the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after acquiring an additional 47,082 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of NYSE CABO opened at $396.74 on Tuesday. The stock’s 50-day simple moving average is $354.09 and its 200-day simple moving average is $362.48. The firm has a market capitalization of $2.23 billion, a PE ratio of 9.18 and a beta of 0.84. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $574.76. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.81 and a current ratio of 0.93.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research 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 issued a buy rating to the company’s stock. According to MarketBeat, Cable One currently has an average rating of “Hold” and an average price target 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.