Jump Financial LLC Grows Holdings in Cable One, Inc. (NYSE:CABO)

Jump Financial LLC increased its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 115.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,972 shares of the company's stock after acquiring an additional 2,127 shares during the quarter. Jump Financial LLC owned about 0.07% of Cable One worth $2,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SummerHaven Investment Management LLC increased its holdings in Cable One by 1.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company's stock worth $627,000 after purchasing an additional 20 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Cable One by 24.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 190 shares of the company's stock worth $106,000 after buying an additional 37 shares in the last quarter. Pathstone Family Office LLC grew its holdings in Cable One by 0.8% during the third quarter. Pathstone Family Office LLC now owns 4,836 shares of the company's stock worth $2,977,000 after buying an additional 39 shares in the last quarter. Bfsg LLC bought a new stake in Cable One during the fourth quarter worth $28,000. Finally, J.P. Morgan Private Wealth Advisors LLC grew its holdings in Cable One by 3.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,754 shares of the company's stock worth $1,080,000 after buying an additional 62 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Christopher D. Boone sold 204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the sale, the insider now directly owns 1,854 shares in the company, valued at approximately $852,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company's stock.

Cable One Price Performance

NYSE CABO traded up $4.91 during trading on Tuesday, reaching $403.83. The company's stock had a trading volume of 105,349 shares, compared to its average volume of 106,698. The stock has a market capitalization of $2.27 billion, a PE ratio of 9.25 and a beta of 0.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a fifty day moving average of $412.65 and a 200 day moving average of $488.99. Cable One, Inc. has a one year low of $369.13 and a one year high of $749.00.

Cable One (NYSE:CABO - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing analysts' consensus estimates of $10.78 by ($2.67). The business had revenue of $404.30 million during the quarter, compared to the consensus estimate of $408.79 million. Cable One had a return on equity of 12.76% and a net margin of 15.50%. Cable One's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.62 earnings per share. Analysts expect that Cable One, Inc. will post 32.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on CABO. TD Cowen cut their price objective on Cable One from $650.00 to $456.00 and set a "hold" rating on the stock in a research report on Friday, May 3rd. KeyCorp decreased their price objective on Cable One from $900.00 to $881.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. Wells Fargo & Company decreased their price objective on Cable One from $400.00 to $350.00 and set an "underweight" rating on the stock in a research note on Friday, May 3rd. Finally, Moffett Nathanson upgraded Cable One from a "neutral" rating to a "buy" rating and set a $615.00 price objective on the stock in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $590.83.

Cable One 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.