Zimmer Partners LP Sells 12,550 Shares of Cable One, Inc. (NYSE:CABO)

Zimmer Partners LP cut its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 45.6% during the 4th quarter, according to its most recent 13F 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 0.27% of Cable One worth $5,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CABO. Nisa Investment Advisors LLC lifted its position in Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after acquiring an additional 220 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its position in Cable One by 1.5% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock valued at $106,608,000 after acquiring an additional 4,352 shares in the last quarter. Sound Income Strategies LLC bought a new position in Cable One in the 4th quarter valued at approximately $50,000. KBC Group NV lifted its position in Cable One by 45.0% in the 4th 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. Finally, Pacer Advisors Inc. lifted its position in Cable One by 102.0% in the 4th quarter. Pacer Advisors Inc. now owns 414 shares of the company's stock valued at $150,000 after acquiring an additional 209 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. decreased their target price on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Finally, Raymond James lowered shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd.

Cable One Stock Performance

CABO traded up $4.53 during mid-day trading on Friday, reaching $152.30. 251,972 shares of the company traded hands, compared to its average volume of 126,287. The stock has a market capitalization of $857.16 million, a P/E ratio of 3.52 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. The company's fifty day moving average price is $229.67 and its 200-day moving average price is $300.92. Cable One, Inc. has a 52-week low of $140.69 and a 52-week high of $437.00.

Cable One (NYSE:CABO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts expect that Cable One, Inc. will post 32.08 EPS for the current year.

Insider Transactions at Cable One

In related 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 purchase, the director now directly owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. This trade represents a 21.82% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.

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.