Zimmer Partners LP Trims Stake in Cable One, Inc. (NYSE:CABO)

Zimmer Partners LP reduced its stake in shares of Cable One, Inc. (NYSE:CABO) by 45.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 12,550 shares during the quarter. Zimmer Partners LP’s holdings in Cable One were worth $5,432,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CABO. Nisa Investment Advisors LLC raised its position in Cable One by 523.8% during 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 in the last quarter. Rothschild & Co Wealth Management UK Ltd raised its position in Cable One by 1.5% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock valued at $106,608,000 after acquiring an additional 4,352 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Cable One during the fourth quarter valued at approximately $50,000. KBC Group NV grew its holdings 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 during the period. Finally, Pacer Advisors Inc. grew its holdings in Cable One by 102.0% in the fourth quarter. Pacer Advisors Inc. now owns 414 shares of the company’s stock valued at $150,000 after purchasing an additional 209 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Down 4.2%

Shares of CABO opened at $152.50 on Tuesday. 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, Inc. has a one year low of $149.58 and a one year high of $437.00. The stock has a market capitalization of $858.27 million, a price-to-earnings ratio of 3.53 and a beta of 1.00. The stock has a 50 day moving average price of $236.40 and a 200 day moving average price of $306.82.

Cable One (NYSE:CABO) last issued 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. Cable One had a return on equity of 10.98% and a net margin of 15.86%. The firm had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $386.61 million. Equities research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Wallace R. Weitz bought 1,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was 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 $1,362,607.68. This represents a 21.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is owned by company insiders.

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.