Empowered Funds LLC Makes New Investment in Cable One, Inc. $CABO

Empowered Funds LLC purchased a new position in shares of Cable One, Inc. (NYSE:CABO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,260 shares of the company’s stock, valued at approximately $1,182,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Baupost Group LLC MA acquired a new position in Cable One during the 3rd quarter valued at $12,068,000. Man Group plc acquired a new stake in Cable One in the 2nd quarter worth $4,972,000. Balyasny Asset Management L.P. increased its holdings in shares of Cable One by 912.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 57,297 shares of the company’s stock worth $7,782,000 after purchasing an additional 51,639 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Cable One during the first quarter valued at about $3,395,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Cable One in the second quarter valued at about $4,822,000. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $40.00 in a research report on Tuesday, July 14th. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Weiss Ratings raised Cable One from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, August 26th. Williams Trading set a $86.00 price objective on Cable One in a research report on Friday, August 7th. Finally, TD Cowen cut their target price on Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research note on Friday, August 7th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $85.40.

Cable One Price Performance

Cable One stock opened at $25.52 on Friday. The company has a market capitalization of $144.70 million, a PE ratio of -0.14 and a beta of 0.48. The business has a 50 day simple moving average of $36.70 and a 200 day simple moving average of $64.40. Cable One, Inc. has a one year low of $21.98 and a one year high of $180.74. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48.

About Cable One

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.