Squarepoint Ops LLC Cuts Stake in Cable One, Inc. (NYSE:CABO)

Squarepoint Ops LLC lessened its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 48.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,223 shares of the company's stock after selling 3,053 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Cable One worth $1,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AlphaQuest LLC bought a new stake in shares of Cable One in the fourth quarter worth $49,000. Federated Hermes Inc. grew its stake in shares of Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after acquiring an additional 111 shares in the last quarter. KBC Group NV grew 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 acquiring an additional 72 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Cable One by 79.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 314 shares of the company's stock valued at $113,000 after acquiring an additional 139 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Cable One by 15.5% in the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company's stock valued at $124,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Trading Up 2.5%

Shares of NYSE:CABO traded up $3.47 during mid-day trading on Tuesday, hitting $144.55. The company had a trading volume of 127,842 shares, compared to its average volume of 128,368. The firm has a fifty day moving average price of $216.46 and a 200 day moving average price of $289.61. The company has a market capitalization of $813.53 million, a PE ratio of 3.34 and a beta of 1.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. Cable One, Inc. has a one year low of $138.14 and a one year high of $437.00.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share for the quarter, beating 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 company had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. As a group, research analysts forecast that Cable One, Inc. will post 32.08 EPS for the current year.

Analyst Ratings Changes

CABO has been the topic of a number of analyst reports. Raymond James downgraded shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. KeyCorp restated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective 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.

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.