Hound Partners LLC cut its position in Altice USA Inc (NYSE:ATUS) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,038,730 shares of the company’s stock after selling 26,443 shares during the period. Altice USA accounts for 1.2% of Hound Partners LLC’s investment portfolio, making the stock its 18th largest holding. Hound Partners LLC owned approximately 0.28% of Altice USA worth $43,282,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. Stifel Financial Corp purchased a new stake in shares of Altice USA in the 3rd quarter valued at approximately $224,000. OxFORD Asset Management LLP increased its position in shares of Altice USA by 2.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 321,675 shares of the company’s stock valued at $8,766,000 after purchasing an additional 9,175 shares during the last quarter. MANA Advisors LLC purchased a new stake in shares of Altice USA in the 4th quarter valued at approximately $235,000. Virtu Financial LLC purchased a new stake in shares of Altice USA in the 4th quarter valued at approximately $272,000. Finally, Ellington Management Group LLC purchased a new stake in shares of Altice USA in the 4th quarter valued at approximately $291,000. 16.08% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on the stock. Pivotal Research lowered their target price on shares of Altice USA from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, December 6th. Societe Generale assumed coverage on shares of Altice USA in a report on Wednesday, December 13th. They issued a “buy” rating for the company. Goldman Sachs Group upgraded shares of Altice USA from a “buy” rating to a “conviction-buy” rating and lowered their target price for the company from $28.00 to $19.91 in a report on Tuesday. Morgan Stanley lowered their target price on shares of Altice USA from $32.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded shares of Altice USA from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.92.
Shares of Altice USA Inc (ATUS) opened at $20.25 on Wednesday. The firm has a market cap of $14,930.00 and a price-to-earnings ratio of -17.02. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.34 and a current ratio of 0.34. Altice USA Inc has a 52 week low of $17.80 and a 52 week high of $35.29.
Altice USA (NYSE:ATUS) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. analysts forecast that Altice USA Inc will post 0.13 earnings per share for the current year.
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Altice USA 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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