Aristeia Capital L.L.C. Has $231,000 Position in Cable One, Inc. (NYSE:CABO)

Aristeia Capital L.L.C. reduced its position in Cable One, Inc. (NYSE:CABO - Free Report) by 72.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638 shares of the company's stock after selling 1,713 shares during the period. Aristeia Capital L.L.C.'s holdings in Cable One were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CABO. Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Cable One by 1.5% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock valued at $106,608,000 after acquiring an additional 4,352 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cable One by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock valued at $60,386,000 after acquiring an additional 10,211 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Cable One by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after acquiring an additional 7,055 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cable One during the 4th quarter worth $28,129,000. Finally, Bank of New York Mellon Corp boosted its holdings in Cable One by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock valued at $26,439,000 after acquiring an additional 2,627 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Performance

Shares of Cable One stock traded down $7.87 during trading hours on Friday, reaching $165.15. The company's stock had a trading volume of 94,784 shares, compared to its average volume of 120,411. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One, Inc. has a one year low of $150.00 and a one year high of $437.00. The company's 50 day simple moving average is $251.58 and its 200 day simple moving average is $316.14. The stock has a market cap of $929.46 million, a P/E ratio of 3.82 and a beta of 1.00.

Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. The business had revenue of $380.60 million for the quarter, compared to analysts' expectations of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. As a group, analysts expect that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the acquisition, the director now owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CABO shares. Wells Fargo & Company reduced their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a report on Tuesday. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Finally, Raymond James lowered shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd.

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.