Usca Ria LLC Increases Position in Altice USA Inc (ATUS)

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Usca Ria LLC boosted its position in shares of Altice USA Inc (NYSE:ATUS) by 29.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,495 shares of the company’s stock after buying an additional 16,950 shares during the period. Usca Ria LLC’s holdings in Altice USA were worth $1,369,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in Altice USA by 19.6% during the first quarter. Wells Fargo & Company MN now owns 39,236 shares of the company’s stock valued at $725,000 after purchasing an additional 6,441 shares during the period. Northern Trust Corp raised its position in Altice USA by 4.7% during the first quarter. Northern Trust Corp now owns 134,075 shares of the company’s stock valued at $2,478,000 after purchasing an additional 6,052 shares during the period. California Public Employees Retirement System purchased a new stake in Altice USA during the first quarter valued at approximately $836,000. Millennium Management LLC purchased a new stake in Altice USA during the first quarter valued at approximately $2,510,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Altice USA during the second quarter valued at approximately $104,000. 37.18% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on ATUS shares. Zacks Investment Research upgraded Altice USA from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Monday, October 15th. Credit Suisse Group upped their price objective on Altice USA from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Securities upped their price objective on Altice USA from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Citigroup decreased their price objective on Altice USA from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Finally, Royal Bank of Canada reduced their price target on Altice USA to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 9th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Altice USA presently has an average rating of “Buy” and a consensus target price of $24.67.

In other Altice USA news, VP David Connolly sold 129,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $18.31, for a total transaction of $2,361,990.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Victoria Mink sold 37,502 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $18.99, for a total value of $712,162.98. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Shares of NYSE ATUS opened at $18.14 on Wednesday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 5.65. Altice USA Inc has a fifty-two week low of $14.49 and a fifty-two week high of $25.15. The company has a market capitalization of $12.07 billion, a PE ratio of 907.00 and a beta of 0.74.

Altice USA (NYSE:ATUS) last issued its quarterly earnings results on Monday, November 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.08. Altice USA had a negative return on equity of 5.44% and a net margin of 19.65%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business posted ($0.25) earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Altice USA Inc will post -0.21 earnings per share for the current year.

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Altice USA Company 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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Institutional Ownership by Quarter for Altice USA (NYSE:ATUS)

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