Aristeia Capital L.L.C. Sells 1,713 Shares of Cable One, Inc. (NYSE:CABO)

Aristeia Capital L.L.C. cut its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 72.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CABO. AlphaQuest LLC acquired a new stake in shares of Cable One in the fourth quarter valued at approximately $49,000. Sound Income Strategies LLC purchased a new stake in Cable One during the 4th quarter worth approximately $50,000. Federated Hermes Inc. increased its holdings in Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after buying an additional 111 shares during the last quarter. KBC Group NV grew its stake in Cable One by 45.0% during the 4th quarter. KBC Group NV now owns 232 shares of the company's stock worth $84,000 after buying an additional 72 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock worth $95,000 after purchasing an additional 220 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Trading Down 4.2 %

Shares of CABO stock traded down $7.60 on Wednesday, reaching $175.38. The company had a trading volume of 200,574 shares, compared to its average volume of 120,053. Cable One, Inc. has a 12 month low of $150.00 and a 12 month high of $437.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market cap of $987.06 million, a PE ratio of 4.06 and a beta of 1.00. The company has a 50-day moving average of $252.94 and a 200-day moving average of $317.29.

Cable One (NYSE:CABO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share for the quarter, beating the consensus estimate of $12.21 by $0.11. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The business had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. On average, equities analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current year.

Insider Activity

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CABO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut 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. Wells Fargo & Company lowered their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. KeyCorp restated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Finally, Raymond James lowered Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd.

Cable One 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.