Rpo LLC Purchases New Position in Altice USA, Inc. (NYSE:ATUS)

Rpo LLC acquired a new stake in Altice USA, Inc. (NYSE:ATUSFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,467 shares of the company’s stock, valued at approximately $109,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATUS. J.P. Morgan Private Wealth Advisors LLC increased its stake in shares of Altice USA by 8.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 60,000 shares of the company’s stock worth $196,000 after purchasing an additional 4,872 shares during the last quarter. Paralel Advisors LLC boosted its holdings in Altice USA by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 559,178 shares of the company’s stock worth $1,829,000 after buying an additional 6,319 shares during the period. Victory Capital Management Inc. boosted its holdings in Altice USA by 38.1% in the 4th quarter. Victory Capital Management Inc. now owns 31,185 shares of the company’s stock worth $101,000 after buying an additional 8,600 shares during the period. Montag A & Associates Inc. bought a new position in Altice USA in the 4th quarter worth approximately $32,000. Finally, Aigen Investment Management LP boosted its holdings in Altice USA by 51.1% in the 4th quarter. Aigen Investment Management LP now owns 33,140 shares of the company’s stock worth $108,000 after buying an additional 11,205 shares during the period. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Wall Street Analyst Weigh In

ATUS has been the subject of several analyst reports. Evercore ISI reissued an “in-line” rating and issued a $3.00 price target on shares of Altice USA in a report on Tuesday, March 26th. Benchmark reaffirmed a “buy” rating and set a $5.00 price objective on shares of Altice USA in a report on Wednesday, March 20th. UBS Group dropped their price objective on shares of Altice USA from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Loop Capital decreased their target price on shares of Altice USA from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Finally, Bank of America began coverage on shares of Altice USA in a research report on Wednesday, April 24th. They issued an “underperform” rating and a $1.50 target price on the stock. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Altice USA presently has a consensus rating of “Hold” and a consensus target price of $2.41.

View Our Latest Stock Analysis on Altice USA

Altice USA Price Performance

NYSE:ATUS traded down $0.01 during mid-day trading on Wednesday, hitting $2.42. 287,252 shares of the company’s stock were exchanged, compared to its average volume of 3,693,751. Altice USA, Inc. has a one year low of $1.75 and a one year high of $3.82. The business has a fifty day moving average price of $2.24 and a 200 day moving average price of $2.39. The company has a market cap of $1.11 billion, a PE ratio of 243.00, a P/E/G ratio of 0.69 and a beta of 1.38.

Altice USA (NYSE:ATUSGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a net margin of 0.07%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. On average, equities analysts forecast that Altice USA, Inc. will post 0.18 EPS for the current fiscal year.

About Altice USA

(Free Report)

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

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