Jane Street Group LLC cut its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 70.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,242 shares of the company's stock after selling 2,951 shares during the quarter. Jane Street Group LLC's holdings in Cable One were worth $450,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Cable One by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock worth $60,386,000 after buying an additional 10,211 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Cable One by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after buying an additional 7,055 shares in the last quarter. Raymond James Financial Inc. bought a new position in Cable One in the 4th quarter worth approximately $28,129,000. Bank of New York Mellon Corp grew its holdings in Cable One by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock worth $26,439,000 after buying an additional 2,627 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Cable One by 18.7% in the 4th quarter. Northern Trust Corp now owns 66,507 shares of the company's stock worth $24,084,000 after buying an additional 10,493 shares in the last quarter. 89.92% of the stock is owned by institutional investors.
Insider Buying and Selling at Cable One
In related news, Director Wallace R. Weitz acquired 1,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the transaction, the director now owns 5,584 shares of the company's stock, valued at approximately $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 this hyperlink. 0.90% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CABO. JPMorgan Chase & Co. decreased their price objective on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. KeyCorp reissued a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Raymond James lowered Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th.
Check Out Our Latest Report on Cable One
Cable One Price Performance
NYSE CABO traded down $5.34 on Monday, reaching $140.99. 277,363 shares of the stock traded hands, compared to its average volume of 174,665. The firm's fifty day simple moving average is $219.11 and its 200 day simple moving average is $291.40. 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 company has a market cap of $793.51 million, a price-to-earnings ratio of 3.26 and a beta of 1.00. Cable One, Inc. has a 12 month low of $138.62 and a 12 month high of $436.99.
Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. The firm had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. As a group, research analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.
Cable One Company Profile
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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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