Cable One, Inc. (NYSE:CABO) Shares Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd grew its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 182.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,941 shares of the company's stock after acquiring an additional 2,548 shares during the quarter. Point72 Hong Kong Ltd owned about 0.07% of Cable One worth $1,427,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Cable One during the fourth quarter valued at about $28,129,000. Charles Schwab Investment Management Inc. raised its stake in shares of Cable One by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock valued at $31,423,000 after purchasing an additional 7,055 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Cable One by 5.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company's stock valued at $8,568,000 after purchasing an additional 1,297 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Cable One during the fourth quarter valued at about $10,491,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Cable One by 3.7% during 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 purchasing an additional 2,627 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company cut their price objective on shares of 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 research note on Friday, May 2nd. Finally, Raymond James cut shares of Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd.

Insiders Place Their Bets

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the completion of 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

Cable One Price Performance

Shares of Cable One stock opened at $164.68 on Friday. 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 company's 50-day moving average price is $241.22 and its two-hundred day moving average price is $309.94. Cable One, Inc. has a 52 week low of $150.00 and a 52 week high of $437.00. The stock has a market cap of $926.82 million, a PE ratio of 3.81 and a beta of 1.00.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping 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 firm had revenue of $380.60 million for the quarter, compared to analysts' expectations of $386.61 million. As a group, sell-side analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

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.

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