Cerity Partners LLC purchased a new position in shares of Altice USA, Inc. (NYSE:ATUS – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 60,509 shares of the company’s stock, valued at approximately $197,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Altice USA by 79.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,884,841 shares of the company’s stock worth $12,626,000 after acquiring an additional 1,724,851 shares in the last quarter. Hudson Bay Capital Management LP raised its holdings in Altice USA by 18.5% during the third quarter. Hudson Bay Capital Management LP now owns 5,272,274 shares of the company’s stock worth $17,240,000 after purchasing an additional 823,530 shares in the last quarter. LB Partners LLC purchased a new stake in shares of Altice USA during the 4th quarter worth approximately $1,636,000. Capula Management Ltd acquired a new position in shares of Altice USA in the 3rd quarter valued at $1,055,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Altice USA in the 3rd quarter valued at $1,006,000. 54.85% of the stock is owned by institutional investors and hedge funds.
Altice USA Price Performance
ATUS opened at $2.13 on Tuesday. The business has a 50 day simple moving average of $2.42 and a 200-day simple moving average of $2.48. Altice USA, Inc. has a 12 month low of $1.75 and a 12 month high of $3.82. The stock has a market capitalization of $971.53 million, a P/E ratio of 17.75 and a beta of 1.35.
Wall Street Analyst Weigh In
Several research firms have issued reports on ATUS. UBS Group decreased their price objective on shares of Altice USA from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. BNP Paribas cut Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 target price for the company. in a research report on Tuesday, April 9th. Loop Capital cut their price target on Altice USA from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Altice USA in a research note on Thursday, April 11th. Finally, Bank of America started coverage on shares of Altice USA in a research note on Wednesday, April 24th. They issued an “underperform” rating and a $1.50 price objective on the stock. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Altice USA has a consensus rating of “Hold” and an average target price of $2.68.
Read Our Latest Stock Analysis on ATUS
About Altice USA
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 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.
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