Wellington Management Amends Cable One Stake, Remains Passive Investor

Ticker: CABO · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1632127

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**Wellington Management Group still owns Cable One shares, no big changes.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment adviser, filed an amended Schedule 13G/A for Cable One, Inc. (NYSE: CABO) on February 8, 2024, indicating their beneficial ownership of the company's common stock as of December 29, 2023. This filing updates their previous disclosures, showing their continued significant, though passive, stake in the cable and pay television services provider. For investors, this means a major institutional investor maintains confidence in Cable One, but the filing itself doesn't signal any new strategic moves or changes in their investment thesis.

Why It Matters

This filing confirms a major institutional investor's continued, passive ownership in Cable One, which can provide a degree of stability and institutional confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate or significant change in the company's risk profile.

Analyst Insight

Investors should note that a major institutional investor, Wellington Management Group LLP, continues to hold a stake in Cable One, Inc. This suggests ongoing institutional interest, but the passive nature of the filing means no immediate activist or strategic changes are expected from this shareholder.

Key Players & Entities

FAQ

What type of filing is this and what does it generally signify?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally signifies that an institutional investor, like Wellington Management Group LLP, is updating its beneficial ownership stake in a public company, Cable One, Inc., and typically indicates a passive investment intent.

Who is the reporting person in this filing?

The reporting person is Wellington Management Group LLP, an investment adviser organized in Massachusetts, as stated in item 4 of the filing.

What is the subject company of this filing?

The subject company is Cable One, Inc., identified by the CUSIP Number 12685J105 and listed as a 'CABLE & OTHER PAY TELEVISION SERVICES' company with a business address in Phoenix, AZ.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as specified on the cover page of the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.

Filing Stats: 1,779 words · 7 min read · ~6 pages · Grade level 9.6 · Accepted 2024-02-08 10:11:32

Filing Documents

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * Cable One, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 12685J105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 12685J105 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 196,656 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 243,134 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 243,134 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.33% 12. TYPE OF REPORTING PERSON HC CUSIP No. 12685J105 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 196,656 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 243,134 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 243,134 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.33% 12. TYPE OF REPORTING PERSON HC CUSIP No. 12685J105 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 196,656 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 243,134 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 243,134 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.33% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Cable One, Inc. (b) Address of Issuer's Principal Executive Offices 210 E. Earll Drive Phoenix, AZ 85012 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 12685J105 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). If this st

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