Lee Danner & Bass Inc. Buys 14,650 Shares of Cable One, Inc. $CABO

Lee Danner & Bass Inc. lifted its stake in shares of Cable One, Inc. (NYSE:CABO) by 218.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,350 shares of the company’s stock after acquiring an additional 14,650 shares during the period. Lee Danner & Bass Inc. owned 0.38% of Cable One worth $1,947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CABO. Baupost Group LLC MA bought a new stake in Cable One in the third quarter valued at $12,068,000. Goldentree Asset Management LP bought a new position in shares of Cable One during the 3rd quarter worth about $13,033,000. Balyasny Asset Management L.P. grew its stake 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 buying an additional 51,639 shares during the period. Man Group plc grew its stake in shares of Cable One by 669.3% in the 4th quarter. Man Group plc now owns 51,300 shares of the company’s stock valued at $5,789,000 after buying an additional 44,632 shares during the period. Finally, Bridgeway Capital Management LLC bought a new stake in Cable One in the 2nd quarter valued at about $4,822,000. 89.92% of the stock is owned by institutional investors.

Cable One Price Performance

Shares of NYSE:CABO opened at $49.17 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09. The stock’s fifty day simple moving average is $55.36 and its two-hundred day simple moving average is $85.63. Cable One, Inc. has a 1-year low of $39.52 and a 1-year high of $180.74. The stock has a market cap of $278.97 million, a PE ratio of -0.84 and a beta of 0.53.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, April 30th. The company reported $6.12 earnings per share for the quarter, missing the consensus estimate of $7.77 by ($1.65). Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.The firm had revenue of $352.96 million for the quarter, compared to analysts’ expectations of $359.59 million. As a group, analysts forecast that Cable One, Inc. will post 29.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CABO. TD Cowen dropped their price target on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company reduced their price objective on Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Monday, April 20th. Finally, Zacks Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and a consensus price target of $101.50.

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.