Eisler Capital US LLC raised its position in shares of Altice USA, Inc. (NYSE:ATUS – Free Report) by 25.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Eisler Capital US LLC owned about 0.05% of Altice USA worth $855,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of ATUS. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Altice USA by 344.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 246,018 shares of the company’s stock worth $1,132,000 after acquiring an additional 190,725 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Altice USA by 26.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 198,906 shares of the company’s stock worth $915,000 after acquiring an additional 42,113 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Altice USA by 21.7% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 7,189,104 shares of the company’s stock worth $24,587,000 after buying an additional 1,281,071 shares during the last quarter. Pitcairn Co. purchased a new position in Altice USA during the 4th quarter worth $82,000. Finally, Baupost Group LLC MA grew its stake in Altice USA by 23.1% during the 1st quarter. Baupost Group LLC MA now owns 4,774,615 shares of the company’s stock worth $16,329,000 after buying an additional 894,415 shares during the last quarter. 54.59% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley restated an “equal weight” rating and set a $3.00 target price on shares of Altice USA in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.88.
Check Out Our Latest Report on ATUS
Altice USA Stock Up 1.3 %
Shares of ATUS stock traded up $0.04 on Friday, hitting $3.03. The company had a trading volume of 344,738 shares, compared to its average volume of 4,179,658. The firm has a market cap of $1.38 billion, a P/E ratio of -300.00 and a beta of 1.42. The company has a 50-day moving average price of $3.23 and a 200-day moving average price of $3.15. Altice USA, Inc. has a twelve month low of $2.01 and a twelve month high of $11.01.
Altice USA (NYSE:ATUS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.12. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Altice USA had a negative return on equity of 16.96% and a negative net margin of 0.04%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. Equities research analysts expect that Altice USA, Inc. will post 0.54 EPS for the current year.
Altice USA Company Profile
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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