Altice USA, Inc. (NYSE:ATUS) Shares Bought by Swiss National Bank

Swiss National Bank lifted its position in Altice USA, Inc. (NYSE:ATUSGet Rating) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 522,200 shares of the company’s stock after purchasing an additional 9,400 shares during the quarter. Swiss National Bank owned about 0.11% of Altice USA worth $2,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Laurion Capital Management LP purchased a new position in Altice USA during the 3rd quarter worth approximately $27,723,000. Clarkston Capital Partners LLC increased its holdings in shares of Altice USA by 10.4% during the 3rd quarter. Clarkston Capital Partners LLC now owns 34,640,405 shares of the company’s stock valued at $201,954,000 after purchasing an additional 3,274,383 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Altice USA by 11.7% in 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. Marshall Wace LLP raised its holdings in Altice USA by 334.2% in the 3rd quarter. Marshall Wace LLP now owns 2,641,815 shares of the company’s stock worth $15,399,000 after purchasing an additional 2,033,391 shares during the period. Finally, Millennium Management LLC increased its position in shares of Altice USA by 160.7% in the second quarter. Millennium Management LLC now owns 1,481,680 shares of the company’s stock valued at $13,706,000 after buying an additional 913,363 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altice USA Trading Down 7.9 %

Altice USA stock opened at $2.46 on Thursday. The stock has a market cap of $1.12 billion, a P/E ratio of 49.20, a price-to-earnings-growth ratio of 0.60 and a beta of 1.37. The company has a fifty day simple moving average of $3.04 and a 200-day simple moving average of $3.95. Altice USA, Inc. has a 12-month low of $2.44 and a 12-month high of $13.17.

Altice USA (NYSE:ATUSGet Rating) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Altice USA had a negative return on equity of 16.96% and a net margin of 0.25%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the firm posted $0.43 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Altice USA, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ATUS shares. TheStreet lowered Altice USA from a “c-” rating to a “d” rating in a report on Monday, May 1st. Morgan Stanley lowered their price target on Altice USA from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, April 20th. TD Securities reduced their price objective on shares of Altice USA from $6.00 to $4.75 and set a “hold” rating on the stock in a report on Thursday, February 23rd. Barclays reduced their price target on shares of Altice USA from $4.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altice USA from $4.50 to $4.75 in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.42.

Altice USA Profile

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Altice USA, Inc engages in the provision of broadband, pay television, telephony services, proprietary content, and advertising services. Its brands include Optimum, Suddenlink, Optimum Mobile, Altice Business, News 12 Networks, Cheddar News, a4 Advertising, and i24 News. The company was founded by Patrick Drahi in 2001 and is headquartered in Long Island City, NY.

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Institutional Ownership by Quarter for Altice USA (NYSE:ATUS)

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