Point72 Hong Kong Ltd Purchases 2,548 Shares of Cable One, Inc. (NYSE:CABO)

Point72 Hong Kong Ltd lifted its position in Cable One, Inc. (NYSE:CABO - Free Report) by 182.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,941 shares of the company's stock after purchasing an additional 2,548 shares during the quarter. Point72 Hong Kong Ltd owned 0.07% of Cable One worth $1,427,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AlphaQuest LLC acquired a new position in Cable One during the fourth quarter worth $49,000. Sound Income Strategies LLC acquired a new position in Cable One during the fourth quarter worth $50,000. Federated Hermes Inc. raised its stake in Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after acquiring an additional 111 shares in the last quarter. KBC Group NV increased its stake in shares of Cable One by 45.0% in the fourth quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after buying an additional 72 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after buying an additional 220 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on CABO shares. KeyCorp restated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Raymond James cut Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Finally, Wells Fargo & Company decreased their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th.

Cable One Trading Down 4.3%

CABO traded down $7.11 during midday trading on Wednesday, reaching $157.76. 62,813 shares of the company were exchanged, compared to its average volume of 124,928. 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 $149.58 and a one year high of $437.00. The stock has a market capitalization of $887.85 million, a P/E ratio of 3.65 and a beta of 1.00. The stock's 50-day simple moving average is $234.97 and its 200 day simple moving average is $305.83.

Cable One (NYSE:CABO - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping 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 return on equity of 10.98% and a net margin of 15.86%. As a group, analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by insiders.

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.