Short Interest in Cable One, Inc. (NYSE:CABO) Declines By 7.2%

Cable One, Inc. (NYSE:CABO - Get Free Report) was the target of a large 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 trading volume of 85,900 shares, the short-interest ratio is presently 9.3 days. Approximately 18.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Cable One Trading Up 0.0 %

Shares of Cable One stock traded up $0.02 during trading on Monday, reaching $397.66. The company's stock had a trading volume of 42,758 shares, compared to its average volume of 103,692. Cable One has a 52-week low of $311.28 and a 52-week high of $574.76. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 9.21 and a beta of 0.84. The firm's 50-day moving average is $352.88 and its two-hundred day moving average is $362.48. The company has a quick ratio of 1.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Institutional Investors Weigh In On Cable One

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock valued at $6,292,000 after buying an additional 13,354 shares during the period. Vanguard Group Inc. boosted its position in Cable One by 11.0% during the 1st 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 period. Private Management Group Inc. boosted its position in Cable One by 70.7% during 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 period. Public Sector Pension Investment Board purchased a new stake in Cable One during the 2nd quarter valued at $3,554,000. Finally, Marshall Wace LLP purchased a new stake in shares of Cable One in the 2nd quarter worth about $1,410,000. Hedge funds and other institutional investors 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.