Altice USA, Inc. (NYSE:ATUS) Shares Sold by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC decreased its position in shares of Altice USA, Inc. (NYSE:ATUS) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,665 shares of the company’s stock after selling 13,689 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Altice USA were worth $2,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board increased its holdings in shares of Altice USA by 6.1% in the second quarter. State of Wisconsin Investment Board now owns 1,439,126 shares of the company’s stock valued at $32,438,000 after purchasing an additional 83,255 shares during the period. Ensign Peak Advisors Inc increased its holdings in shares of Altice USA by 254.0% in the second quarter. Ensign Peak Advisors Inc now owns 84,110 shares of the company’s stock valued at $1,896,000 after purchasing an additional 60,348 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Altice USA by 112.5% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 33,817 shares of the company’s stock valued at $762,000 after purchasing an additional 17,903 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Altice USA by 228.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 131,146 shares of the company’s stock valued at $2,956,000 after purchasing an additional 91,233 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Altice USA by 71.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,580,103 shares of the company’s stock valued at $35,616,000 after purchasing an additional 660,383 shares during the period. 58.61% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on ATUS shares. Pivotal Research boosted their target price on Altice USA from $36.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Barclays lifted their price target on Altice USA from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Zacks Investment Research downgraded Altice USA from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a research note on Monday, August 3rd. Sanford C. Bernstein upgraded Altice USA from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. lifted their price target on Altice USA from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Altice USA currently has a consensus rating of “Buy” and a consensus target price of $34.60.

In other news, Director Alt S.A.R.L. Next sold 3,300,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $28.07, for a total value of $92,631,000.00. Following the completion of the transaction, the director now directly owns 38,069,305 shares of the company’s stock, valued at $1,068,605,391.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Abdelhakim Boubazine sold 496,355 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $28.74, for a total value of $14,265,242.70. Following the completion of the transaction, the chief operating officer now owns 1,547,519 shares of the company’s stock, valued at $44,475,696.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,906,355 shares of company stock valued at $109,943,443. Insiders own 45.00% of the company’s stock.

Shares of NYSE ATUS traded up $0.34 during trading on Monday, reaching $30.99. The company had a trading volume of 309,205 shares, compared to its average volume of 6,328,259. Altice USA, Inc. has a twelve month low of $15.95 and a twelve month high of $30.85. The stock has a market capitalization of $16.84 billion, a PE ratio of 170.29 and a beta of 0.94. The stock has a 50-day moving average price of $27.53 and a two-hundred day moving average price of $25.85. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 34.18.

Altice USA (NYSE:ATUS) last released its quarterly earnings results on Thursday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.26). Altice USA had a return on equity of 25.67% and a net margin of 1.08%. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the firm earned $0.12 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, sell-side analysts predict that Altice USA, Inc. will post 0.88 EPS for the current year.

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, and telephony services to approximately 4.9 million 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.

See Also: Can systematic risk be avoided?

Want to see what other hedge funds are holding ATUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altice USA, Inc. (NYSE:ATUS).

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

Receive News & Ratings for Altice USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit