Balyasny Asset Management L.P. Decreases Stock Holdings in Cable One, Inc. (NYSE:CABO)

Balyasny Asset Management L.P. decreased its holdings in shares of Cable One, Inc. (NYSE:CABO) by 100.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,606 shares of the company’s stock after selling 18,530,598 shares during the period. Balyasny Asset Management L.P.’s holdings in Cable One were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. AlphaQuest LLC purchased a new stake in shares of Cable One in the fourth quarter valued at $49,000. Sound Income Strategies LLC purchased a new stake in shares of Cable One in the fourth quarter valued at $50,000. Federated Hermes Inc. raised its stake in shares of Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock valued at $60,000 after acquiring an additional 111 shares during the period. KBC Group NV raised its stake in shares of Cable One by 45.0% in the fourth quarter. KBC Group NV now owns 232 shares of the company’s stock valued at $84,000 after acquiring an additional 72 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock valued at $95,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Trading Up 2.3%

CABO stock opened at $164.68 on Friday. The company has a market capitalization of $926.82 million, a PE ratio of 3.81 and a beta of 1.00. Cable One, Inc. has a 12 month low of $150.00 and a 12 month high of $437.00. The firm’s 50-day moving average is $241.22 and its 200 day moving average is $309.94. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

Cable One (NYSE:CABO) 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 company had revenue of $380.60 million for the quarter, compared to the consensus estimate of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. On average, research analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current year.

Insiders Place Their Bets

In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CABO. KeyCorp reissued a “sector weight” rating on shares of Cable One in a research note on Friday, May 2nd. Wells Fargo & Company reduced their target price on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their target price 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. Finally, Raymond James downgraded shares of Cable One from an “outperform” rating to a “market perform” rating in a research note on Friday, May 2nd.

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.