Prudential Financial Inc. Acquires 4,834 Shares of Cable One, Inc. $CABO

Prudential Financial Inc. increased its stake in shares of Cable One, Inc. (NYSE:CABO) by 45.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,377 shares of the company’s stock after acquiring an additional 4,834 shares during the quarter. Prudential Financial Inc.’s holdings in Cable One were worth $2,088,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Wittenberg Investment Management Inc. bought a new position in Cable One during the second quarter worth about $1,892,000. Nordea Investment Management AB lifted its position in shares of Cable One by 140.1% during the 2nd quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock worth $7,024,000 after buying an additional 30,854 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in Cable One by 777.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 12,280 shares of the company’s stock valued at $1,668,000 after buying an additional 10,880 shares in the last quarter. Hussman Strategic Advisors Inc. grew its position in Cable One by 150.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock valued at $1,426,000 after acquiring an additional 6,300 shares during the period. Finally, Public Sector Pension Investment Board grew its position in Cable One by 294.0% in the first quarter. Public Sector Pension Investment Board now owns 45,164 shares of the company’s stock valued at $12,003,000 after acquiring an additional 33,702 shares during the period. 89.92% of the stock is owned by institutional investors.

Cable One Price Performance

Shares of CABO opened at $123.12 on Friday. The stock has a market cap of $694.40 million, a P/E ratio of -1.51 and a beta of 0.79. Cable One, Inc. has a 1 year low of $96.67 and a 1 year high of $428.14. The stock’s 50-day moving average price is $142.10 and its two-hundred day moving average price is $144.75. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.88.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). The firm had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. On average, equities analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on CABO. JPMorgan Chase & Co. reduced their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Zacks Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 25th. Finally, Wells Fargo & Company cut their target price on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $256.75.

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.