Aigen Investment Management LP Takes $358,000 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 third quarter, HoldingsChannel reports. The firm purchased 1,024 shares of the company’s stock, valued at approximately $358,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after purchasing an additional 95 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Cable One during the second quarter worth $45,000. GAMMA Investing LLC lifted its stake in shares of Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after buying an additional 135 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Cable One during the second quarter valued at about $65,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cable One during the second quarter worth about $72,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Stock Performance

NYSE CABO opened at $407.70 on Friday. 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 company has a fifty day moving average price of $351.84 and a 200-day moving average price of $362.94. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $574.76. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 9.43 and a beta of 0.84.

Analysts Set New Price Targets

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

Cable One Company 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.