US Bancorp DE Lowers Stake in Cable One, Inc. (NYSE:CABO)

US Bancorp DE trimmed its holdings in Cable One, Inc. (NYSE:CABO) by 50.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 262 shares of the company’s stock after selling 262 shares during the quarter. US Bancorp DE’s holdings in Cable One were worth $92,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CABO. Versant Capital Management Inc raised its stake in Cable One by 452.4% during the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after acquiring an additional 95 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Cable One during the second quarter worth approximately $45,000. GAMMA Investing LLC lifted its holdings in shares of Cable One by 964.3% during the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after purchasing an additional 135 shares during the period. Innealta Capital LLC purchased a new position in Cable One in the 2nd quarter valued at $65,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Cable One in the 2nd quarter valued at $72,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Trading Down 2.5 %

NYSE:CABO opened at $397.64 on Friday. Cable One, Inc. has a 1 year low of $311.28 and a 1 year 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. The stock has a fifty day moving average price of $352.88 and a two-hundred day moving average price of $362.71. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 9.20 and a beta of 0.84.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cable One has an average rating of “Hold” and a consensus target price of $531.67.

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.