Mitsubishi UFJ Trust & Banking Corp raised its position in Altice USA, Inc. (NYSE:ATUS – Get Rating) by 344.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,018 shares of the company’s stock after purchasing an additional 190,725 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Altice USA worth $1,132,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ATUS. Bank of New York Mellon Corp increased its stake in shares of Altice USA by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 771,039 shares of the company’s stock valued at $9,623,000 after buying an additional 37,677 shares during the period. American Century Companies Inc. increased its stake in shares of Altice USA by 22.7% in the first quarter. American Century Companies Inc. now owns 23,401 shares of the company’s stock valued at $292,000 after buying an additional 4,336 shares during the period. Cetera Advisor Networks LLC increased its stake in shares of Altice USA by 35.6% in the first quarter. Cetera Advisor Networks LLC now owns 13,674 shares of the company’s stock valued at $171,000 after buying an additional 3,588 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Altice USA in the first quarter valued at about $351,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Altice USA in the first quarter valued at about $134,000. 57.41% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Loop Capital decreased their target price on Altice USA from $12.00 to $3.00 in a research note on Thursday, May 4th. Morgan Stanley cut their price target on Altice USA from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, April 20th. Barclays cut their price target on Altice USA from $4.00 to $2.00 and set an “equal weight” rating on the stock in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Altice USA from $4.50 to $4.75 in a report on Friday, May 5th. Finally, TD Securities cut their price target on Altice USA from $6.00 to $4.75 and set a “hold” rating on the stock in a report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.42.
Altice USA Trading Up 6.8 %
Shares of Altice USA stock opened at $2.50 on Monday. The business’s fifty day simple moving average is $3.00 and its 200 day simple moving average is $3.91. The firm has a market capitalization of $1.14 billion, a P/E ratio of 50.01, a price-to-earnings-growth ratio of 0.59 and a beta of 1.37. Altice USA, Inc. has a 12 month low of $2.31 and a 12 month high of $13.17.
Altice USA (NYSE:ATUS – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.32 billion. Altice USA had a negative return on equity of 16.96% and a net margin of 0.25%. Altice USA’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Analysts predict that Altice USA, Inc. will post 0.29 EPS for the current fiscal year.
Altice USA Company Profile
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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