Altice USA, Inc. (NYSE:ATUS) Position Reduced by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in shares of Altice USA, Inc. (NYSE:ATUSFree Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,387,695 shares of the company’s stock after selling 28,190 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Altice USA were worth $17,510,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ATUS. Thompson Siegel & Walmsley LLC raised its holdings in shares of Altice USA by 6.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 6,850,472 shares of the company’s stock worth $22,264,000 after purchasing an additional 396,275 shares in the last quarter. Hudson Bay Capital Management LP grew its position in Altice USA by 18.5% in the third quarter. Hudson Bay Capital Management LP now owns 5,272,274 shares of the company’s stock worth $17,240,000 after buying an additional 823,530 shares during the last quarter. FMR LLC increased its holdings in shares of Altice USA by 0.6% in the third quarter. FMR LLC now owns 4,767,457 shares of the company’s stock valued at $15,590,000 after buying an additional 29,995 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Altice USA by 79.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,884,841 shares of the company’s stock valued at $12,626,000 after acquiring an additional 1,724,851 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Altice USA by 6.0% during the 3rd quarter. Federated Hermes Inc. now owns 2,877,879 shares of the company’s stock worth $9,411,000 after acquiring an additional 162,545 shares in the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Performance

Shares of NYSE ATUS opened at $2.26 on Friday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 226.00, a PEG ratio of 0.65 and a beta of 1.38. The business has a 50 day simple moving average of $2.29 and a 200 day simple moving average of $2.40. Altice USA, Inc. has a 52 week low of $1.75 and a 52 week high of $3.82.

Altice USA (NYSE:ATUSGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Altice USA had a negative return on equity of 1.54% and a net margin of 0.07%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company earned $0.06 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, analysts predict that Altice USA, Inc. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Altice USA in a report on Thursday, April 11th. UBS Group reduced their price objective on shares of Altice USA from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Wells Fargo & Company downgraded shares of Altice USA from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $2.00 to $1.00 in a research report on Friday, April 5th. Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Altice USA in a research report on Wednesday, March 20th. Finally, BNP Paribas lowered shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price objective for the company. in a research note on Tuesday, April 9th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Altice USA presently has a consensus rating of “Hold” and an average price target of $2.41.

View Our Latest Analysis on ATUS

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.

See Also

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

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