Zimmer Partners LP decreased its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 45.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the company's stock after selling 12,550 shares during the quarter. Zimmer Partners LP owned approximately 0.27% of Cable One worth $5,432,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Cable One during the fourth quarter valued at about $28,129,000. Charles Schwab Investment Management Inc. boosted its position in 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 boosted its position in 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. Northern Trust Corp boosted its position in Cable One by 18.7% during the fourth quarter. Northern Trust Corp now owns 66,507 shares of the company's stock valued at $24,084,000 after purchasing an additional 10,493 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Cable One during the fourth quarter valued at about $10,491,000. Institutional investors own 89.92% of the company's stock.
Insider Buying and Selling at Cable One
In other news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the purchase, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on CABO shares. JPMorgan Chase & Co. dropped their price objective on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. Finally, Raymond James cut Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd.
View Our Latest Research Report on Cable One
Cable One Trading Down 4.2%
Cable One stock opened at $152.50 on Tuesday. The stock has a 50-day moving average of $236.40 and a two-hundred day moving average of $306.82. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One, Inc. has a one year low of $149.58 and a one year high of $437.00. The stock has a market cap of $858.27 million, a PE ratio of 3.53 and a beta of 1.00.
Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. Cable One had a return on equity of 10.98% and a net margin of 15.86%. The company had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. On average, research analysts anticipate 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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