93,614 Shares in Cable One, Inc. $CABO Bought by Man Group plc

Man Group plc bought a new stake in Cable One, Inc. (NYSE:CABO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 93,614 shares of the company’s stock, valued at approximately $4,972,000. Man Group plc owned approximately 1.65% of Cable One at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baupost Group LLC MA bought a new stake in Cable One during the 3rd quarter worth about $12,068,000. Balyasny Asset Management L.P. grew its holdings in shares of Cable One by 912.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 57,297 shares of the company’s stock valued at $7,782,000 after acquiring an additional 51,639 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Cable One in the 1st quarter valued at about $3,395,000. Bridgeway Capital Management LLC acquired a new stake in shares of Cable One in the second quarter valued at about $4,822,000. Finally, Ameriprise Financial Inc. increased its position in shares of Cable One by 246.2% in the second quarter. Ameriprise Financial Inc. now owns 43,672 shares of the company’s stock valued at $5,931,000 after acquiring an additional 31,057 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on CABO. BNP Paribas Exane upgraded shares of Cable One from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $60.00 to $40.00 in a report on Tuesday, July 14th. Williams Trading set a $86.00 target price on Cable One in a report on Friday, August 7th. Zacks Research downgraded shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. TD Cowen lowered their price target on shares of Cable One from $111.00 to $86.00 and set a “hold” rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Cable One from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Cable One presently has an average rating of “Reduce” and a consensus price target of $85.40.

Cable One Stock Performance

NYSE:CABO opened at $25.27 on Monday. The company has a market cap of $143.28 million, a price-to-earnings ratio of -0.14 and a beta of 0.54. Cable One, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $180.74. The company has a debt-to-equity ratio of 9.27, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a fifty day moving average price of $38.55 and a 200-day moving average price of $67.07.

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.