UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.36 Million Stock Position in Cable One, Inc. (NYSE:CABO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Cable One, Inc. (NYSE:CABO - Free Report) by 96.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,801 shares of the company's stock after selling 397,936 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of Cable One worth $5,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CABO. Dimensional Fund Advisors LP raised its position in Cable One by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock valued at $60,386,000 after purchasing an additional 10,211 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Cable One by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock valued at $31,423,000 after buying an additional 7,055 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Cable One in the 4th quarter valued at approximately $28,129,000. Bank of New York Mellon Corp raised its position in shares of Cable One by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock worth $26,439,000 after acquiring an additional 2,627 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Cable One by 18.7% during the fourth quarter. Northern Trust Corp now owns 66,507 shares of the company's stock worth $24,084,000 after purchasing an additional 10,493 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Trading Down 7.1%

Shares of NYSE CABO traded down $10.27 during mid-day trading on Thursday, hitting $135.17. 107,321 shares of the company traded hands, compared to its average volume of 129,695. The business has a 50 day moving average of $211.46 and a two-hundred day moving average of $287.63. The stock has a market capitalization of $760.75 million, a price-to-earnings ratio of 3.13 and a beta of 1.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a 1 year low of $134.92 and a 1 year high of $437.00.

Cable One (NYSE:CABO - Get Free Report) last posted 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. The business had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. On average, sell-side analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Raymond James lowered Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. KeyCorp restated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Wells Fargo & Company reduced their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target 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.

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.