4,692 Shares in Altice USA, Inc. (NYSE:ATUS) Purchased by Wipfli Financial Advisors LLC

Wipfli Financial Advisors LLC purchased a new position in Altice USA, Inc. (NYSE:ATUS – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,692 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC increased its position in Altice USA by 13.8% during the 2nd quarter. Clarkston Capital Partners LLC now owns 31,366,022 shares of the company’s stock valued at $290,136,000 after purchasing an additional 3,811,456 shares during the period. Vanguard Group Inc. increased its position in Altice USA by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 22,253,606 shares of the company’s stock valued at $277,725,000 after purchasing an additional 2,324,303 shares during the period. BlackRock Inc. increased its position in Altice USA by 1.6% during the 1st quarter. BlackRock Inc. now owns 16,302,827 shares of the company’s stock valued at $203,460,000 after purchasing an additional 263,465 shares during the period. TPG GP A LLC increased its position in Altice USA by 2.8% during the 2nd quarter. TPG GP A LLC now owns 8,282,378 shares of the company’s stock valued at $76,612,000 after purchasing an additional 227,960 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in Altice USA by 22.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 8,175,220 shares of the company’s stock valued at $75,620,000 after purchasing an additional 1,498,148 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altice USA Trading Up 4.1 %

ATUS opened at $4.80 on Friday. Altice USA, Inc. has a 12-month low of $3.68 and a 12-month high of $15.36. The firm has a market capitalization of $2.18 billion, a PE ratio of 3.40, a P/E/G ratio of 0.46 and a beta of 1.35. The firm has a 50 day moving average of $4.42 and a two-hundred day moving average of $6.97.

Altice USA (NYSE:ATUS – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). Altice USA had a negative return on equity of 119.88% and a net margin of 6.52%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, analysts predict that Altice USA, Inc. will post 1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on ATUS. JPMorgan Chase & Co. cut their target price on shares of Altice USA from $12.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, November 3rd. Barclays lowered their price target on shares of Altice USA from $12.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, September 29th. Citigroup upgraded shares of Altice USA from a “neutral” rating to a “buy” rating and lowered their price target for the company from $12.00 to $8.00 in a report on Thursday, October 13th. The Goldman Sachs Group cut shares of Altice USA from a “buy” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $5.00 in a report on Tuesday, January 10th. Finally, New Street Research cut shares of Altice USA from a “buy” rating to a “neutral” rating in a report on Thursday, December 1st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.98.

Altice USA Profile

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Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.