[SCHEDULE 13G/A] Cable One, Inc. SEC Filing

Rhea-AI Filing Summary

Franklin Mutual Advisers, LLC (FMA) filed Amendment No. 1 to Schedule 13G for Cable One, Inc. (NYSE: CABO) reporting its ownership position as of 30 Jun 2025.

• Aggregate beneficial ownership: 0 shares, representing 0.0% of Cable One’s outstanding common stock.
• Voting & dispositive power: FMA reports 0 shares with sole or shared voting or dispositive authority.
• The filing states that FMA is an investment adviser (Rule 13d-1(b)(1)(ii)(E)) and that the shares were previously held in ordinary course for advisory clients.
• Item 5 confirms FMA now owns 5 percent or less of the class; therefore, its earlier reportable stake has been eliminated.
• Certification affirms the exit was not intended to influence control of the issuer.

The amendment signals that a prior institutional holder has fully exited its position, reducing concentrated institutional ownership in CABO.

Positive

• None.

Negative

• Franklin Mutual Advisers now holds 0 shares (0.0%), indicating a complete exit by a previously reportable institutional investor, which may signal reduced confidence or create short-term selling pressure.

Insights

Securities Analyst

TL;DR: FMA’s exit removes a former institutional holder; potential sentiment negative but no operational impact.

FMA’s amended 13G shows zero ownership, meaning it liquidated what had been a ≥5 % stake. While Cable One’s fundamentals are unchanged, the loss of a long-term institutional investor can alter the shareholder mix, possibly increasing share-price volatility until the market absorbs the stock. No other material events or financial metrics are provided.

Corporate Governance Expert

TL;DR: Institutional ownership concentration declines; governance influence by FMA ceases.

With FMA no longer holding CABO shares, its voting power and ability to influence proposals disappear. The change shifts voting weight to remaining investors, but no control contests are indicated. From a governance lens, this is neutral to slightly negative due to reduced oversight by a seasoned adviser.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Cable One, Inc.

(Name of Issuer)

Common Stock, par value $0.01

(Title of Class of Securities)

12685J105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 12685J105

1

Names of Reporting Persons

Franklin Mutual Advisers, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(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 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

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: Franklin Mutual Advisers, LLC
(b)	Address or principal business office or, if none, residence: 101 John F. Kennedy Parkway Short Hills, NJ 07078-2789
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock, par value $0.01
(e)	CUSIP No.: 12685J105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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 § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations 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)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0.0
(b)	Percent of class: 0.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Franklin Mutual Advisers, LLC: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: Franklin Mutual Advisers, LLC: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Franklin Mutual Advisers, LLC

Signature:	/s/THOMAS C. MANDIA
Name/Title:	Thomas C. Mandia. Assistant Secretary of Franklin Mutual Advisers, LLC
Date:	08/01/2025

Exhibit Information

Exhibit A: Item 4 Ownership The securities reported herein are beneficially owned by one or more open end investment companies or other managed accounts that are investment management clients of Franklin Mutual Advisers, LLC ("FMA"), an indirect wholly owned subsidiary of Franklin Resources, Inc. ("FRI"). When an investment management contract (including a sub advisory agreement) delegates to FMA investment discretion or voting power over the securities held in the investment advisory accounts that are subject to that agreement, FRI treats FMA as having sole investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly, FMA reports on Schedule 13G that it has sole investment discretion and voting authority over the securities covered by any such investment management agreement, unless otherwise noted in this Item 4. As a result for purposes of Rule 13d-3 under the Act, FMA may be deemed to be the beneficial owner of the securities reported in this Schedule 13G. Beneficial ownership by investment management subsidiaries and other affiliates of FRI is being reported in conformity with the guidelines articulated by the SEC staff in Release No. 34-39538 (January 12, 1998) relating to organizations, such as FRI, where related entities exercise voting and investment powers over the securities being reported independently from each other. The voting and investment powers held by FMA are exercised independently from FRI (FMA's parent holding company) and from all other investment management subsidiaries of FRI (FRI, its affiliates and investment management subsidiaries other than FMA are, collectively, "FRI affiliates"). Furthermore, internal policies and procedures of FMA and FRI affiliates establish informational barriers that prevent the flow between FMA and the FRI affiliates of information that relates to the voting and investment powers over the securities owned by their respective investment management clients. Consequently, FMA and the FRI affiliates report the securities over which they hold investment and voting power separately from each other for purposes of Section 13 of the Act. Charles B. Johnson and Rupert H. Johnson, Jr. (the "Principal Shareholders") may each own in excess of 10% of the outstanding common stock of FRI and are the principal stockholders of FRI (see FRI's Proxy Statement-Stock Ownership of Certain Beneficial Owners). However, because FMA exercises voting and investment powers on behalf of its investment management clients independently of FRI affiliates, beneficial ownership of the securities reported by FMA is not attributed to the Principal Shareholders. FMA disclaims any pecuniary interest in any of the securities reported in this Schedule 13G. In addition, the filing of this Schedule 13G on behalf of FMA should not be construed as an admission that it is, and it disclaims that it is, the beneficial owner, as defined in Rule 13d 3, of any of such securities. Furthermore, FMA believes that it is not a "group" with FRI affiliates, the Principal Shareholders, or their respective affiliates within the meaning of Rule 13d 5 under the Act and that none of them is otherwise required to attribute to any other the beneficial ownership of the securities held by such person or by any persons or entities for whom or for which FMA or the FRI affiliates provide investment management services.

FAQ

Why did Franklin Mutual Advisers file an amended Schedule 13G for CABO?

To report that it now beneficially owns 0 shares (0.0%) of Cable One as of 30 Jun 2025.

What percentage of Cable One does Franklin Mutual Advisers currently own?

According to the filing, 0.0% of the outstanding common stock.

Does Franklin Mutual Advisers retain any voting or dispositive power over CABO shares?

No. The filing lists 0 shares with sole or shared voting or dispositive authority.

What rule does Franklin Mutual Advisers rely on for this Schedule 13G filing?

It files under Rule 13d-1(b) as an investment adviser (Item 3(e)).

When did the ownership change that triggered this filing occur?

The event date is 30 June 2025.