Victory Capital Management Inc. Decreases Stock Holdings in Cable One, Inc. (NYSE:CABO)

Victory Capital Management Inc. reduced its position in shares of Cable One, Inc. (NYSE:CABO) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,990 shares of the company’s stock after selling 603 shares during the quarter. Victory Capital Management Inc.’s holdings in Cable One were worth $6,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its holdings in Cable One by 50.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 759 shares of the company’s stock valued at $321,000 after buying an additional 253 shares during the period. Vanguard Group Inc. raised its position in Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after purchasing an additional 48,513 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Cable One by 3.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 3,490 shares of the company’s stock worth $1,472,000 after buying an additional 116 shares during the period. Pitcairn Co. bought a new position in shares of Cable One during the 1st quarter worth $201,000. Finally, EntryPoint Capital LLC increased its stake in shares of Cable One by 27.7% during the first quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after buying an additional 56 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Stock Down 0.3 %

CABO opened at $402.30 on Friday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 9.30 and a beta of 0.84. Cable One, Inc. has a one year low of $311.28 and a one year high of $574.53. The business’s 50-day simple moving average is $357.20 and its 200-day simple moving average is $362.91. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price target 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 research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cable One currently has an average rating of “Hold” and an average target price of $531.67.

About Cable One

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.