Cubist Systematic Strategies LLC Sells 9,483 Shares of Cable One, Inc. $CABO

Cubist Systematic Strategies LLC decreased its position in Cable One, Inc. (NYSE:CABO) by 87.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,351 shares of the company’s stock after selling 9,483 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Cable One were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CABO. Meeder Asset Management Inc. bought a new stake in Cable One during the first quarter valued at about $30,000. Brooklyn Investment Group grew its holdings in Cable One by 5,233.3% during the first quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares during the period. Farther Finance Advisors LLC grew its holdings in Cable One by 1,435.7% during the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company’s stock valued at $58,000 after purchasing an additional 201 shares during the period. Spire Wealth Management grew its holdings in Cable One by 21.3% during the first quarter. Spire Wealth Management now owns 382 shares of the company’s stock valued at $102,000 after purchasing an additional 67 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Cable One during the fourth quarter valued at about $236,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

CABO has been the subject of several recent research reports. BNP Paribas raised Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, June 16th. Wells Fargo & Company cut their price target on Cable One from $210.00 to $120.00 and set an “underweight” rating for the company in a report on Friday, August 1st. Finally, BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price target for the company 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’s stock. According to MarketBeat, Cable One presently has a consensus rating of “Reduce” and an average price target of $279.25.

Cable One Price Performance

Shares of Cable One stock opened at $177.51 on Friday. The stock has a 50 day moving average of $146.29 and a 200 day moving average of $185.70. Cable One, Inc. has a 12 month low of $117.54 and a 12 month high of $436.99. The firm has a market cap of $999.40 million, a PE ratio of -2.01 and a beta of 0.81. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.16.

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

About Cable One

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.