Cable One, Inc. (NYSE:CABO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 52.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,240 shares of the company's stock after selling 30,240 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Cable One worth $9,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. boosted its stake in Cable One by 17.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 491 shares of the company's stock worth $172,000 after purchasing an additional 73 shares during the last quarter. Private Management Group Inc. boosted its stake in Cable One by 2.1% during the 3rd quarter. Private Management Group Inc. now owns 115,999 shares of the company's stock worth $40,575,000 after purchasing an additional 2,358 shares during the last quarter. Semanteon Capital Management LP boosted its stake in Cable One by 275.0% during the 3rd quarter. Semanteon Capital Management LP now owns 3,319 shares of the company's stock worth $1,161,000 after purchasing an additional 2,434 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its stake in Cable One by 36.4% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 5,199 shares of the company's stock worth $1,819,000 after purchasing an additional 1,388 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new position in shares of Cable One during the 3rd quarter worth $295,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target 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 assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Cable One presently has an average rating of "Hold" and an average price target of $531.67.

Cable One Trading Up 0.3 %

NYSE:CABO traded up $1.00 on Tuesday, reaching $397.74. 22,705 shares of the company's stock were exchanged, compared to its average volume of 103,471. 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 firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 9.18 and a beta of 0.84. The business has a fifty day moving average of $354.09 and a 200-day moving average of $362.48. Cable One, Inc. has a 52-week low of $311.28 and a 52-week high of $574.76.

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.