Quinn Opportunity Partners LLC Has $2.03 Million Stake in Cable One, Inc. $CABO

Quinn Opportunity Partners LLC lifted its position in shares of Cable One, Inc. (NYSE:CABO) by 66.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,978 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Cable One were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Cable One by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 29,302 shares of the company’s stock worth $7,788,000 after purchasing an additional 730 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Cable One by 19.8% in the first quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company’s stock worth $7,534,000 after acquiring an additional 4,689 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Cable One in the first quarter worth approximately $1,116,000. Allianz Asset Management GmbH boosted its holdings in Cable One by 17.4% in the first quarter. Allianz Asset Management GmbH now owns 2,700 shares of the company’s stock valued at $718,000 after acquiring an additional 400 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Cable One by 14,346.4% during the 1st quarter. Pacer Advisors Inc. now owns 59,808 shares of the company’s stock valued at $15,895,000 after purchasing an additional 59,394 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Stock Performance

NYSE CABO opened at $118.99 on Wednesday. The company has a market capitalization of $669.79 million, a PE ratio of -1.46 and a beta of 0.86. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.37 and a current ratio of 0.38. Cable One, Inc. has a 52-week low of $116.13 and a 52-week high of $436.99. The company has a 50-day simple moving average of $160.55 and a 200 day simple moving average of $153.98.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $9.25 by ($4.08). The firm had revenue of $376.01 million for the quarter, compared to the consensus estimate of $378.96 million. Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%. On average, research analysts predict that Cable One, Inc. will post 32.08 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CABO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research note on Friday, November 7th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $276.00.

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.