Virtu Financial LLC acquired a new stake in shares of Altice USA Inc (NYSE:ATUS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,806 shares of the company’s stock, valued at approximately $272,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new position in Altice USA in the third quarter worth $224,000. OxFORD Asset Management LLP lifted its stake in shares of Altice USA by 2.9% during the third quarter. OxFORD Asset Management LLP now owns 321,675 shares of the company’s stock valued at $8,766,000 after acquiring an additional 9,175 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Altice USA during the third quarter valued at $673,000. Harbor Advisors LLC acquired a new position in shares of Altice USA during the fourth quarter valued at $531,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Altice USA by 20.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 176,007 shares of the company’s stock valued at $3,737,000 after acquiring an additional 30,373 shares during the period. Institutional investors and hedge funds own 16.07% of the company’s stock.
Altice USA stock traded down $0.21 during mid-day trading on Friday, reaching $18.50. 942,385 shares of the company were exchanged, compared to its average volume of 1,766,349. Altice USA Inc has a 12 month low of $17.58 and a 12 month high of $35.29. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $13,790.54 and a PE ratio of 925.00.
Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. sell-side analysts expect that Altice USA Inc will post 0.08 earnings per share for the current fiscal year.
ATUS has been the topic of several research reports. Pivotal Research reiterated a “buy” rating and issued a $28.00 price objective on shares of Altice USA in a report on Friday, March 9th. Societe Generale began coverage on Altice USA in a report on Wednesday, December 13th. They issued a “buy” rating for the company. Cowen assumed coverage on Altice USA in a report on Monday, March 26th. They issued a “buy” rating and a $25.00 price target for the company. Buckingham Research assumed coverage on Altice USA in a report on Tuesday, March 20th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Goldman Sachs assumed coverage on Altice USA in a report on Wednesday, March 14th. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Altice USA currently has a consensus rating of “Buy” and a consensus target price of $30.08.
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Altice USA Profile
Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.
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