49,269 Shares in Altice USA Inc (ATUS) Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in shares of Altice USA Inc (NYSE:ATUS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,269 shares of the company’s stock, valued at approximately $1,346,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. purchased a new position in shares of Altice USA in the second quarter worth approximately $69,443,000. Vanguard Group Inc. purchased a new position in shares of Altice USA in the second quarter worth approximately $67,939,000. FMR LLC purchased a new position in shares of Altice USA in the second quarter worth approximately $57,079,000. Citadel Advisors LLC purchased a new position in shares of Altice USA in the second quarter worth approximately $46,997,000. Finally, Winslow Capital Management LLC purchased a new position in shares of Altice USA in the second quarter worth approximately $46,854,000. 13.23% of the stock is currently owned by institutional investors.

ATUS has been the topic of a number of research reports. Deutsche Bank reissued a “buy” rating and issued a $35.00 price objective on shares of Altice USA in a report on Monday, November 6th. Moffett Nathanson upgraded shares of Altice USA from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. Goldman Sachs Group upgraded shares of Altice USA from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Tuesday, November 7th. Wells Fargo & Co restated a “market perform” rating and set a $25.00 target price (down previously from $34.00) on shares of Altice USA in a research note on Monday, November 6th. Finally, Societe Generale initiated coverage on shares of Altice USA in a research note on Wednesday, December 13th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $31.93.

Shares of Altice USA Inc (NYSE:ATUS) opened at $22.75 on Thursday. Altice USA Inc has a one year low of $17.80 and a one year high of $35.29. The company has a market cap of $16,770.00 and a P/E ratio of -16.37. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 6.82.

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Altice USA Company Profile

Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.

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

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