Cable One, Inc. (NYSE:CABO) Sees Large Decline in Short Interest

Cable One, Inc. (NYSE:CABO) was the recipient 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. Based on an average daily volume of 85,900 shares, the days-to-cover ratio is currently 9.3 days. Currently, 18.0% of the shares of the stock are short sold.

Cable One Trading Down 2.7 %

Shares of NYSE CABO traded down $10.88 during trading on Tuesday, hitting $385.86. 388 shares of the company traded hands, compared to its average volume of 103,371. The firm has a market capitalization of $2.17 billion, a P/E ratio of 9.18 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average price of $354.09 and a 200-day moving average price of $362.48. Cable One has a 1 year low of $311.28 and a 1 year high of $574.76.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target on 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 issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $531.67.

Institutional Trading of Cable One

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of Cable One by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock valued at $41,342,000 after acquiring an additional 1,839 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after buying an additional 29 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Cable One by 3.6% in the third quarter. MML Investors Services LLC now owns 2,090 shares of the company’s stock worth $731,000 after acquiring an additional 72 shares in the last quarter. XTX Topco Ltd boosted its holdings in Cable One by 45.8% in the third quarter. XTX Topco Ltd now owns 4,160 shares of the company’s stock valued at $1,455,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Zimmer Partners LP grew its stake in Cable One by 3.8% during the 3rd quarter. Zimmer Partners LP now owns 27,550 shares of the company’s stock valued at $9,637,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.