Altice USA Inc (NYSE:ATUS) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 19,294,629 shares, a growth of 17.0% from the February 15th total of 16,491,791 shares. Based on an average daily trading volume, of 1,551,421 shares, the short-interest ratio is currently 12.4 days.
ATUS has been the subject of several research reports. Barclays set a $22.00 target price on Altice USA and gave the company a “hold” rating in a research note on Wednesday, December 6th. Pivotal Research reissued a “buy” rating and issued a $28.00 target price on shares of Altice USA in a research note on Friday, March 9th. Societe Generale initiated coverage on Altice USA in a research note on Wednesday, December 13th. They issued a “buy” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 target price (up from $31.00) on shares of Altice USA in a research note on Tuesday, March 6th. Finally, JPMorgan Chase & Co. lowered their target price on Altice USA from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, March 6th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $30.92.
Altice USA (NYSE ATUS) opened at $19.76 on Friday. Altice USA has a 12-month low of $17.80 and a 12-month high of $35.29. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.88.
Several large investors have recently bought and sold shares of the company. Lucerne Capital Management LP bought a new position in shares of Altice USA in the 4th quarter worth $129,721,000. Zimmer Partners LP boosted its position in shares of Altice USA by 48.4% in the 4th quarter. Zimmer Partners LP now owns 3,470,100 shares of the company’s stock worth $73,670,000 after purchasing an additional 1,131,750 shares during the last quarter. BlackRock Inc. boosted its position in shares of Altice USA by 161.5% in the 4th quarter. BlackRock Inc. now owns 3,227,522 shares of the company’s stock worth $68,520,000 after purchasing an additional 1,993,479 shares during the last quarter. Pelham Capital Ltd. boosted its position in shares of Altice USA by 54.9% in the 4th quarter. Pelham Capital Ltd. now owns 2,555,474 shares of the company’s stock worth $54,253,000 after purchasing an additional 905,474 shares during the last quarter. Finally, Thornburg Investment Management Inc. boosted its position in shares of Altice USA by 15.5% in the 3rd quarter. Thornburg Investment Management Inc. now owns 2,469,626 shares of the company’s stock worth $67,445,000 after purchasing an additional 332,260 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.
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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