93,614 Shares in Cable One, Inc. $CABO Acquired by Man Group plc

Man Group plc acquired a new stake in Cable One, Inc. (NYSE:CABO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 93,614 shares of the company’s stock, valued at approximately $4,972,000.

Several other institutional investors have also added to or reduced their stakes in CABO. Baupost Group LLC MA bought a new stake in Cable One during the third quarter worth $12,068,000. Balyasny Asset Management L.P. boosted its holdings in shares of Cable One by 912.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 57,297 shares of the company’s stock valued at $7,782,000 after purchasing an additional 51,639 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Cable One in the 1st quarter valued at $3,395,000. Bridgeway Capital Management LLC bought a new position in shares of Cable One in the 2nd quarter valued at $4,822,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Cable One by 246.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 43,672 shares of the company’s stock worth $5,931,000 after buying an additional 31,057 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Stock Down 0.9%

Shares of NYSE:CABO opened at $25.27 on Monday. The company has a fifty day moving average of $38.55 and a 200-day moving average of $67.07. The company has a market capitalization of $143.28 million, a PE ratio of -0.14 and a beta of 0.54. The company has a debt-to-equity ratio of 9.27, a quick ratio of 0.48 and a current ratio of 0.48. Cable One, Inc. has a 52-week low of $21.98 and a 52-week high of $180.74.

Analysts Set New Price Targets

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

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.