Caprock Group LLC Trims Stock Holdings in Cable One, Inc. (NYSE:CABO)

Caprock Group LLC lowered its holdings in shares of Cable One, Inc. (NYSE:CABO) by 0.4% in the third quarter, Holdings Channel.com reports. The fund owned 10,200 shares of the company’s stock after selling 37 shares during the quarter. Caprock Group LLC’s holdings in Cable One were worth $3,568,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after acquiring an additional 95 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Cable One during the 2nd quarter worth $45,000. GAMMA Investing LLC raised its position in Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after purchasing an additional 135 shares in the last quarter. KBC Group NV lifted its holdings in shares of Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after buying an additional 50 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Cable One during the 2nd quarter worth $65,000. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cable One has an average rating of “Hold” and an average target price of $531.67.

Cable One Price Performance

Shares of CABO stock opened at $398.27 on Wednesday. The stock’s 50-day moving average is $355.43 and its 200 day moving average is $362.63. Cable One, Inc. has a 1-year low of $311.28 and a 1-year high of $574.76. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $2.24 billion, a P/E ratio of 9.21 and a beta of 0.84.

Cable One 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.