Principal Financial Group Inc. Has $6.10 Million Stake in Cable One, Inc. $CABO

Principal Financial Group Inc. lifted its position in shares of Cable One, Inc. (NYSE:CABO) by 15.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 34,440 shares of the company’s stock after purchasing an additional 4,730 shares during the quarter. Principal Financial Group Inc.’s holdings in Cable One were worth $6,098,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CABO. AlphaQuest LLC boosted its position in Cable One by 9.2% during the third quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock valued at $216,000 after acquiring an additional 103 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of Cable One during the 3rd quarter valued at about $251,000. Federated Hermes Inc. boosted its position in shares of Cable One by 11.5% during the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock valued at $198,000 after purchasing an additional 115 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Cable One by 160.7% during the third quarter. SummerHaven Investment Management LLC now owns 6,380 shares of the company’s stock worth $1,130,000 after purchasing an additional 3,933 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Cable One in the third quarter worth approximately $336,000. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

CABO opened at $113.92 on Friday. Cable One, Inc. has a 1-year low of $70.37 and a 1-year high of $295.00. The company has a market cap of $642.49 million, a price-to-earnings ratio of -1.40 and a beta of 0.74. The company’s fifty day moving average price is $105.09 and its two-hundred day moving average price is $133.19. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.88.

Analyst Ratings Changes

CABO has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Zacks Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. JPMorgan Chase & Co. dropped their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $256.75.

Cable One 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.