Altice USA Inc (ATUS) Short Interest Update

Altice USA Inc (NYSE:ATUS) was the recipient of a large growth in short interest during the month of March. As of March 29th, there was short interest totalling 25,108,617 shares, a growth of 14.9% from the March 15th total of 21,846,303 shares. Approximately 21.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,996,351 shares, the days-to-cover ratio is presently 12.6 days.

Shares of ATUS stock opened at $19.82 on Tuesday. Altice USA has a twelve month low of $17.58 and a twelve month high of $35.29. The company has a market capitalization of $14,188.56 and a price-to-earnings ratio of 991.00. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.88.

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Altice USA (NYSE:ATUS) last announced its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. equities analysts expect that Altice USA will post -0.18 EPS for the current year.

ATUS has been the topic of a number of research reports. TD Securities initiated coverage on Altice USA in a research note on Monday, April 9th. They set a “buy” rating and a $25.00 price target on the stock. Evercore ISI initiated coverage on Altice USA in a research note on Wednesday, April 11th. They set an “outperform” rating and a $24.00 price target on the stock. Macquarie initiated coverage on Altice USA in a research note on Tuesday, April 3rd. They set an “outperform” rating and a $23.50 price target on the stock. Barclays upgraded Altice USA from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $22.00 to $26.00 in a research note on Tuesday, January 23rd. Finally, Pivotal Research restated a “buy” rating and set a $28.00 price target on shares of Altice USA in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Altice USA currently has a consensus rating of “Buy” and an average target price of $29.50.

Hedge funds have recently made changes to their positions in the business. Stifel Financial Corp purchased a new position in shares of Altice USA in the 3rd quarter valued at approximately $224,000. MANA Advisors LLC purchased a new stake in shares of Altice USA in the fourth quarter valued at approximately $235,000. Virtu Financial LLC purchased a new stake in shares of Altice USA in the fourth quarter valued at approximately $272,000. Ellington Management Group LLC purchased a new stake in shares of Altice USA in the fourth quarter valued at approximately $291,000. Finally, Guggenheim Capital LLC purchased a new stake in shares of Altice USA in the fourth quarter valued at approximately $334,000. Institutional investors own 16.07% of the company’s stock.

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About Altice USA

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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