Segantii Capital Management Ltd Takes $100,000 Position in Altice USA, Inc. (NYSE:ATUS)

Segantii Capital Management Ltd acquired a new position in Altice USA, Inc. (NYSE:ATUS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 30,900 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATUS. J.P. Morgan Private Wealth Advisors LLC grew its stake in Altice USA by 8.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 60,000 shares of the company’s stock valued at $196,000 after acquiring an additional 4,872 shares in the last quarter. Paralel Advisors LLC boosted its holdings in shares of 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 purchasing an additional 6,319 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Altice USA by 38.1% during the 4th quarter. Victory Capital Management Inc. now owns 31,185 shares of the company’s stock valued at $101,000 after purchasing an additional 8,600 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in Altice USA in the third quarter worth $37,000. Finally, SG Americas Securities LLC increased its holdings in shares of Altice USA by 81.9% in the third quarter. SG Americas Securities LLC now owns 41,793 shares of the company’s stock worth $137,000 after buying an additional 18,815 shares during the period. 54.85% of the stock is owned by hedge funds and other institutional investors.

Altice USA Trading Up 2.9 %

Shares of NYSE:ATUS traded up $0.06 during trading on Thursday, reaching $2.10. The stock had a trading volume of 2,545,706 shares, compared to its average volume of 3,939,388. The company has a market capitalization of $957.85 million, a P/E ratio of 205.00 and a beta of 1.38. Altice USA, Inc. has a one year low of $1.75 and a one year high of $3.82. The firm’s 50-day simple moving average is $2.39 and its 200 day simple moving average is $2.44.

Altice USA (NYSE:ATUS) last released its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a net margin of 0.07%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS. Equities research analysts forecast that Altice USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATUS has been the subject of a number of recent analyst reports. UBS Group lowered their price target on Altice USA from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Bank of America started coverage on shares of Altice USA in a research note on Wednesday, April 24th. They set an “underperform” rating and a $1.50 price objective on the stock. Loop Capital lowered their price objective on Altice USA from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Altice USA in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Altice USA in a research note on Thursday, April 11th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.41.

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, 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.