Altice USA, Inc. (NYSE:ATUS) Shares Purchased by Readystate Asset Management LP

Readystate Asset Management LP boosted its holdings in Altice USA, Inc. (NYSE:ATUS) by 236.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 446,626 shares of the company’s stock after buying an additional 313,970 shares during the quarter. Readystate Asset Management LP owned 0.10% of Altice USA worth $1,452,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ATUS. Comerica Bank grew its position in Altice USA by 579.0% in the third quarter. Comerica Bank now owns 8,555 shares of the company’s stock worth $28,000 after buying an additional 7,295 shares during the last quarter. Ground Swell Capital LLC acquired a new position in Altice USA in the 2nd quarter worth approximately $30,000. Montag A & Associates Inc. acquired a new position in Altice USA in the 4th quarter worth approximately $32,000. Equitable Holdings Inc. acquired a new position in Altice USA in the 1st quarter worth approximately $34,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Altice USA in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Analyst Upgrades and Downgrades

ATUS has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Altice USA in a research note on Wednesday, March 20th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Altice USA in a research note on Thursday, April 11th. BNP Paribas lowered shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 target price for the company. in a research note on Tuesday, April 9th. Wells Fargo & Company lowered shares of Altice USA from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $2.00 to $1.00 in a research note on Friday, April 5th. Finally, Evercore ISI reissued an “in-line” rating and set a $3.00 target price on shares of Altice USA in a research note on Tuesday, March 26th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.90.

Altice USA Trading Down 2.6 %

Altice USA stock traded down $0.05 on Thursday, reaching $1.90. 1,609,148 shares of the stock were exchanged, compared to its average volume of 4,158,345. The stock has a market cap of $866.63 million, a PE ratio of 15.83 and a beta of 1.35. Altice USA, Inc. has a twelve month low of $1.75 and a twelve month high of $3.82. The firm has a fifty day moving average price of $2.43 and a two-hundred day moving average price of $2.54.

Altice USA (NYSE:ATUS) last released its earnings results on Wednesday, February 14th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. Altice USA had a negative return on equity of 12.81% and a net margin of 0.58%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.43) EPS. Equities analysts anticipate that Altice USA, Inc. will post 0.2 EPS for the current fiscal 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.