Lee Danner & Bass Inc. Raises Holdings in Cable One, Inc. $CABO

Lee Danner & Bass Inc. grew its holdings in shares of Cable One, Inc. (NYSE:CABO) by 218.7% in the first quarter, Holdings Channel.com reports. The firm owned 21,350 shares of the company’s stock after buying an additional 14,650 shares during the period. Lee Danner & Bass Inc.’s holdings in Cable One were worth $1,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Baupost Group LLC MA bought a new position in Cable One in the 3rd quarter worth about $12,068,000. Goldentree Asset Management LP purchased a new position in Cable One in the 3rd quarter worth approximately $13,033,000. Balyasny Asset Management L.P. grew its position in Cable One by 912.7% in the second quarter. Balyasny Asset Management L.P. now owns 57,297 shares of the company’s stock worth $7,782,000 after acquiring an additional 51,639 shares in the last quarter. Man Group plc boosted its holdings 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 worth $5,789,000 after purchasing an additional 44,632 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in Cable One in the second quarter worth approximately $4,822,000. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Cable One Stock Up 0.5%

Shares of NYSE:CABO opened at $49.17 on Friday. The stock’s 50-day moving average is $55.36 and its 200 day moving average is $85.63. The company has a market cap of $278.97 million, a PE ratio of -0.84 and a beta of 0.53. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.75 and a quick ratio of 1.75. Cable One, Inc. has a 1 year low of $39.52 and a 1 year high of $180.74.

Cable One (NYSE:CABO) last released its quarterly earnings data 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). The business had revenue of $352.96 million during the quarter, compared to analysts’ expectations of $359.59 million. Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%. Sell-side analysts anticipate that Cable One, Inc. will post 29.89 EPS for the current year.

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.