Cable One, Inc. $CABO Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP increased its stake in shares of Cable One, Inc. (NYSE:CABO) by 626.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,336 shares of the company’s stock after buying an additional 34,784 shares during the quarter. Susquehanna International Group LLP owned about 0.71% of Cable One worth $2,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in Cable One in the 2nd quarter valued at $30,000. Quarry LP boosted its position in shares of Cable One by 1,011.1% during the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 182 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Cable One by 2,288.9% during the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after acquiring an additional 206 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Cable One in the third quarter valued at about $39,000. Finally, State of Wyoming acquired a new stake in Cable One during the second quarter worth about $50,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

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

Cable One Stock Down 0.9%

Shares of NYSE:CABO opened at $25.27 on Monday. The company has a market capitalization of $143.28 million, a price-to-earnings ratio of -0.14 and a beta of 0.54. Cable One, Inc. has a 12-month low of $21.98 and a 12-month high of $180.74. The business has a 50-day moving average price of $38.55 and a 200 day moving average price of $67.07. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 9.27.

Cable One Company 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.