Balyasny Asset Management L.P. cut its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,606 shares of the company's stock after selling 18,530,598 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Cable One were worth $582,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock worth $95,000 after acquiring an additional 220 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its holdings in shares of Cable One by 1.5% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock worth $106,608,000 after purchasing an additional 4,352 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Cable One in the fourth quarter worth $50,000. KBC Group NV raised its holdings in Cable One by 45.0% during the 4th quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after buying an additional 72 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Cable One by 102.0% during the 4th quarter. Pacer Advisors Inc. now owns 414 shares of the company's stock valued at $150,000 after buying an additional 209 shares during the period. 89.92% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director Wallace R. Weitz purchased 1,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now directly owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. This represents a 21.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.90% of the company's stock.
Cable One Stock Down 4.2%
Shares of NYSE:CABO traded down $6.69 during trading on Monday, hitting $152.50. The stock had a trading volume of 219,982 shares, compared to its average volume of 124,341. The company has a market capitalization of $858.27 million, a PE ratio of 3.53 and a beta of 1.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm's fifty day moving average is $238.83 and its 200 day moving average is $308.28. Cable One, Inc. has a 12 month low of $147.55 and a 12 month high of $437.00.
Cable One (NYSE:CABO - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. The firm had revenue of $380.60 million for the quarter, compared to analysts' expectations of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. Analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Raymond James cut Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. dropped their price target on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Finally, KeyCorp reissued a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd.
Get Our Latest Stock Report on CABO
Cable One Profile
(
Free Report)
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.
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