Susquehanna International Group LLP Increases Position in Cable One, Inc. $CABO

Susquehanna International Group LLP grew its position in shares of Cable One, Inc. (NYSE:CABO) by 626.5% during the second quarter, Holdings Channel reports. The firm owned 40,336 shares of the company’s stock after acquiring an additional 34,784 shares during the quarter. Susquehanna International Group LLP’s holdings in Cable One were worth $2,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legal & General Group Plc acquired a new stake in shares of Cable One in the second quarter valued at $30,000. Quarry LP raised its holdings in shares of Cable One by 1,011.1% in the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after buying an additional 182 shares during the period. Parallel Advisors LLC lifted its stake in Cable One by 2,288.9% during the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after acquiring an additional 206 shares in the last quarter. Quantbot Technologies LP purchased a new position in Cable One during the 3rd quarter valued at about $39,000. Finally, State of Wyoming purchased a new position in Cable One during the 2nd quarter valued at about $50,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Trading Down 0.9%

NYSE:CABO opened at $25.27 on Monday. Cable One, Inc. has a 12-month low of $21.98 and a 12-month high of $180.74. The firm has a market cap of $143.28 million, a PE ratio of -0.14 and a beta of 0.54. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 9.27. The stock has a fifty day moving average price of $38.55 and a 200 day moving average price of $67.07.

Wall Street Analysts Forecast Growth

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

About Cable One

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.