Bryce Point Capital LLC Purchases New Position in Cable One, Inc. $CABO

Bryce Point Capital LLC acquired a new stake in shares of Cable One, Inc. (NYSE:CABO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,443 shares of the company’s stock, valued at approximately $603,000. Bryce Point Capital LLC owned approximately 0.08% of Cable One as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CABO. Meeder Asset Management Inc. bought a new stake in Cable One in the first quarter worth approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cable One by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after purchasing an additional 151 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Cable One by 5,233.3% in the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Cable One by 26.9% in the first quarter. Ancora Advisors LLC now owns 825 shares of the company’s stock worth $219,000 after purchasing an additional 175 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Cable One by 7.3% during the second quarter. State of Alaska Department of Revenue now owns 2,743 shares of the company’s stock worth $371,000 after buying an additional 187 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Trading Down 1.3%

Shares of NYSE:CABO opened at $144.30 on Wednesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s 50-day moving average is $163.52 and its 200-day moving average is $158.49. The company has a market cap of $812.42 million, a P/E ratio of -1.63 and a beta of 0.86. Cable One, Inc. has a 52-week low of $117.54 and a 52-week high of $436.99.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CABO shares. Wells Fargo & Company reduced their price target on Cable One from $210.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $279.25.

Cable One Company 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.