Schwab Charles Investment Management Inc. bought a new position in shares of Altice USA Inc (NYSE:ATUS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 145,634 shares of the company’s stock, valued at approximately $3,978,000. Schwab Charles Investment Management Inc. owned 0.06% of Altice USA at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new stake in Altice USA during the second quarter worth approximately $12,436,000. JPMorgan Chase & Co. acquired a new stake in Altice USA during the second quarter worth approximately $4,329,000. Macquarie Group Ltd. acquired a new stake in Altice USA during the second quarter worth approximately $877,000. Goldman Sachs Group Inc. acquired a new stake in Altice USA during the second quarter worth approximately $14,162,000. Finally, FMR LLC acquired a new stake in Altice USA during the second quarter worth approximately $57,079,000. 13.23% of the stock is owned by institutional investors.
ATUS has been the topic of a number of recent research reports. Moffett Nathanson initiated coverage on shares of Altice USA in a report on Tuesday, October 10th. They issued a “neutral” rating and a $28.00 target price on the stock. Atlantic Securities assumed coverage on shares of Altice USA in a report on Tuesday, October 31st. They issued an “overweight” rating and a $32.00 target price on the stock. Wells Fargo & Co reissued a “market perform” rating and issued a $25.00 price objective (down from $34.00) on shares of Altice USA in a research note on Monday, November 6th. Deutsche Bank reissued a “buy” rating and issued a $35.00 price objective on shares of Altice USA in a research note on Monday, November 6th. Finally, Goldman Sachs Group raised shares of Altice USA from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Altice USA has a consensus rating of “Buy” and an average target price of $31.93.
Altice USA Inc (NYSE:ATUS) opened at $21.30 on Friday. Altice USA Inc has a one year low of $17.80 and a one year high of $35.29. The company has a debt-to-equity ratio of 6.82, a current ratio of 0.32 and a quick ratio of 0.32.
Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07). equities analysts forecast that Altice USA Inc will post -0.83 EPS for the current fiscal year.
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About Altice USA
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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