Aigen Investment Management LP Takes Position in Cable One, Inc. (NYSE:CABO)

Aigen Investment Management LP purchased a new position in shares of Cable One, Inc. (NYSE:CABO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,024 shares of the company’s stock, valued at approximately $358,000.

A number of other large investors have also added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of Cable One by 880.9% in the first quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after purchasing an additional 13,354 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after buying an additional 48,513 shares during the period. Private Management Group Inc. grew 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 buying an additional 47,082 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Cable One in the second quarter valued at about $3,554,000. Finally, Marshall Wace LLP acquired a new position in shares of Cable One in the second quarter worth approximately $1,410,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $531.67.

Cable One Trading Down 1.1 %

NYSE CABO opened at $407.70 on Friday. Cable One, Inc. has a one year low of $311.28 and a one 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. The business has a 50 day simple moving average of $351.84 and a 200 day simple moving average of $362.94. The stock has a market capitalization of $2.29 billion, a P/E ratio of 9.43 and a beta of 0.84.

Cable One Profile

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.