Cable One, Inc. (NYSE:CABO) Sees Large Decline in Short Interest

Cable One, Inc. (NYSE:CABO) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 801,600 shares, a decrease of 7.2% from the October 15th total of 864,200 shares. Based on an average daily volume of 85,900 shares, the short-interest ratio is currently 9.3 days. Approximately 18.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cable One currently has an average rating of “Hold” and an average price target of $531.67.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after purchasing an additional 48,513 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Cable One by 42.4% in the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock valued at $102,894,000 after acquiring an additional 86,581 shares during the period. Canada Pension Plan Investment Board raised its position in Cable One by 28.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock valued at $72,786,000 after purchasing an additional 45,115 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cable One by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock valued at $47,788,000 after acquiring an additional 8,339 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Cable One by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after purchasing an additional 1,839 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Down 2.5 %

Shares of NYSE CABO opened at $397.64 on Monday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 1.81. The stock has a market capitalization of $2.23 billion, a PE ratio of 9.20 and a beta of 0.84. Cable One has a one year low of $311.28 and a one year high of $574.76. The business’s fifty day moving average price is $352.88 and its 200-day moving average price is $362.48.

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.