Cubist Systematic Strategies LLC Sells 10,686 Shares of Cable One, Inc. (NYSE:CABO)

Cubist Systematic Strategies LLC decreased its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,834 shares of the company's stock after selling 10,686 shares during the period. Cubist Systematic Strategies LLC owned about 0.19% of Cable One worth $3,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CABO. Cetera Investment Advisers bought a new position in shares of Cable One in the fourth quarter valued at approximately $236,000. Ancora Advisors LLC bought a new position in shares of Cable One in the fourth quarter valued at approximately $235,000. AXA S.A. bought a new position in shares of Cable One in the fourth quarter valued at approximately $3,156,000. Northern Trust Corp raised its stake in shares of Cable One by 18.7% in the fourth quarter. Northern Trust Corp now owns 66,507 shares of the company's stock valued at $24,084,000 after acquiring an additional 10,493 shares during the last quarter. Finally, Three Seasons Wealth LLC bought a new position in shares of Cable One in the fourth quarter valued at approximately $447,000. Institutional investors own 89.92% of the company's stock.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz purchased 1,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, with a total value of $244,020.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

CABO has been the subject of a number of research analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Raymond James lowered shares of Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. 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, May 6th. Finally, Wells Fargo & Company lowered their price target on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th.

Cable One Price Performance

Shares of Cable One stock traded up $4.01 during midday trading on Thursday, reaching $164.91. The company had a trading volume of 74,329 shares, compared to its average volume of 122,193. The stock has a fifty day simple moving average of $243.67 and a 200 day simple moving average of $311.18. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a 1-year low of $150.00 and a 1-year high of $437.00. The company has a market capitalization of $928.12 million, a price-to-earnings ratio of 3.80 and a beta of 1.00.

Cable One (NYSE:CABO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $386.61 million. As a group, equities research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current year.

Cable One Company 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.