Cable One, Inc. (NYSE:CABO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Cable One, Inc. (NYSE:CABO) by 52.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 27,240 shares of the company’s stock after selling 30,240 shares during the period. Principal Financial Group Inc.’s holdings in Cable One were worth $9,528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CABO. Raymond James Trust N.A. lifted its position in Cable One by 2.1% in the second quarter. Raymond James Trust N.A. now owns 1,581 shares of the company’s stock valued at $560,000 after purchasing an additional 33 shares during the period. Bfsg LLC raised its stake in shares of Cable One by 3.5% during the 3rd quarter. Bfsg LLC now owns 971 shares of the company’s stock worth $340,000 after buying an additional 33 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Cable One by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company’s stock valued at $419,000 after buying an additional 41 shares during the period. GAMMA Investing LLC boosted its stake in shares of Cable One by 32.2% in the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after buying an additional 48 shares in the last quarter. Finally, EntryPoint Capital LLC grew its holdings in Cable One by 27.7% during the first quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock worth $109,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price 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 issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $531.67.

Cable One Stock Performance

CABO opened at $396.74 on Tuesday. The stock’s 50 day simple moving average is $354.09 and its 200 day simple moving average is $362.48. The stock has a market cap of $2.23 billion, a P/E ratio of 9.18 and a beta of 0.84. 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 1.81.

About Cable One

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.