Cable One, Inc. (NYSE:CABO) Short Interest Down 7.2% in October

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

Institutional Investors Weigh In On Cable One

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its stake in shares of Cable One by 1,906.2% during the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock valued at $67,911,000 after buying an additional 152,496 shares during the period. Burgundy Asset Management Ltd. raised its stake in 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 buying an additional 86,581 shares during the last quarter. AQR Capital Management LLC boosted its stake in Cable One by 4,228.5% in the 2nd quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock worth $21,436,000 after purchasing an additional 60,045 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after buying an additional 48,513 shares during the last quarter. Finally, Private Management Group Inc. increased its position in shares of Cable One by 70.7% in the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after acquiring an additional 47,082 shares during the period. Institutional investors own 89.92% of the company’s stock.

Cable One Trading Up 0.4 %

Shares of CABO opened at $398.27 on Wednesday. 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 50 day simple moving average of $355.43 and a two-hundred day simple moving average of $362.63. Cable One has a 1 year low of $311.28 and a 1 year high of $574.76. The firm has a market cap of $2.24 billion, a P/E ratio of 9.21 and a beta of 0.84.

Analyst Ratings Changes

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

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.