Rhumbline Advisers Sells 595 Shares of Cable One, Inc. $CABO

Rhumbline Advisers reduced its position in Cable One, Inc. (NYSE:CABO) by 3.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,006 shares of the company’s stock after selling 595 shares during the period. Rhumbline Advisers owned about 0.27% of Cable One worth $3,988,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Bayforest Capital Ltd lifted its position in Cable One by 498.3% during the first quarter. Bayforest Capital Ltd now owns 1,442 shares of the company’s stock worth $383,000 after acquiring an additional 1,201 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cable One by 16.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company’s stock valued at $4,589,000 after buying an additional 2,467 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Cable One in the first quarter valued at approximately $372,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cable One by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after acquiring an additional 151 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Cable One by 172.6% in the first quarter. AQR Capital Management LLC now owns 16,947 shares of the company’s stock valued at $4,482,000 after acquiring an additional 10,731 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CABO shares. Wells Fargo & Company decreased their target price on shares of Cable One from $210.00 to $120.00 and set an “underweight” rating on the stock in a research note on Friday, August 1st. BNP Paribas upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, June 16th. Finally, BNP Paribas Exane upgraded shares of Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price target on the stock in a report on Monday, June 16th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $279.25.

Cable One Price Performance

CABO stock opened at $172.47 on Monday. The firm has a market cap of $970.99 million, a price-to-earnings ratio of -1.95 and a beta of 0.81. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.16. Cable One, Inc. has a 12-month low of $117.54 and a 12-month high of $436.99. The company’s fifty day simple moving average is $146.99 and its 200 day simple moving average is $183.91.

Cable One (NYSE:CABO) last released its earnings results on Thursday, July 31st. The company reported $3.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.23 by ($5.00). The firm had revenue of $381.07 million during the quarter, compared to analyst estimates of $379.81 million. Cable One had a negative net margin of 32.18% and a positive return on equity of 8.40%. During the same quarter in the previous year, the firm earned $10.29 EPS. On average, analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current year.

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.