Graham Capital Management L.P. Takes $260,000 Position in Cable One, Inc. (NYSE:CABO)

Graham Capital Management L.P. purchased a new stake in shares of Cable One, Inc. (NYSE:CABO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 719 shares of the company’s stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds have also modified their holdings of CABO. Summit Investment Advisors Inc. grew its stake in Cable One by 6.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 590 shares of the company’s stock valued at $214,000 after purchasing an additional 37 shares in the last quarter. Global Retirement Partners LLC grew its stake in Cable One by 15.5% in the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after purchasing an additional 46 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Cable One by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock valued at $974,000 after purchasing an additional 61 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Cable One by 18.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock valued at $151,000 after purchasing an additional 65 shares in the last quarter. Finally, KBC Group NV grew its stake in 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 purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CABO has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Cable One from $325.00 to $222.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. KeyCorp restated a “sector weight” rating on shares of Cable One in a research note on Friday, May 2nd. Finally, Raymond James downgraded Cable One from an “outperform” rating to a “market perform” rating in a research note on Friday, May 2nd.

Cable One Stock Performance

CABO opened at $158.38 on Friday. The company has a market cap of $891.38 million, a PE ratio of 3.66 and a beta of 1.00. The stock has a 50-day moving average of $238.83 and a 200-day moving average of $308.51. Cable One, Inc. has a 52-week low of $150.00 and a 52-week high of $437.00. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.21 by $0.11. The company had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. As a group, equities research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

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.