Usca Ria LLC Sells 3,577 Shares of Altice USA Inc (NYSE:ATUS)

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Usca Ria LLC lessened its stake in shares of Altice USA Inc (NYSE:ATUS) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,918 shares of the company’s stock after selling 3,577 shares during the quarter. Usca Ria LLC’s holdings in Altice USA were worth $1,581,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Altice USA in the 2nd quarter valued at about $41,000. LS Investment Advisors LLC bought a new position in Altice USA in the 1st quarter valued at about $82,000. Quantamental Technologies LLC bought a new position in Altice USA in the 1st quarter valued at about $96,000. Advisor Group Inc. lifted its position in Altice USA by 26.6% in the 2nd quarter. Advisor Group Inc. now owns 4,503 shares of the company’s stock valued at $111,000 after acquiring an additional 945 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Altice USA by 340.9% in the 1st quarter. Bank of Montreal Can now owns 7,261 shares of the company’s stock valued at $156,000 after acquiring an additional 5,614 shares in the last quarter. 50.13% of the stock is currently owned by institutional investors.

NYSE:ATUS traded down $0.35 on Friday, hitting $26.55. The stock had a trading volume of 7,267,300 shares, compared to its average volume of 4,826,525. The company has a debt-to-equity ratio of 9.18, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $17.42 billion, a P/E ratio of 331.88 and a beta of 0.99. Altice USA Inc has a 1 year low of $14.49 and a 1 year high of $27.74. The firm’s fifty day simple moving average is $25.84 and its two-hundred day simple moving average is $23.52.

Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.45 billion. Altice USA had a net margin of 3.16% and a return on equity of 13.57%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.13) EPS. Equities research analysts predict that Altice USA Inc will post 0.56 EPS for the current year.

In other Altice USA news, insider Michael Olsen sold 30,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.03, for a total value of $810,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis Okhuijsen sold 551,724 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $24.67, for a total transaction of $13,611,031.08. The disclosure for this sale can be found here. Company insiders own 45.00% of the company’s stock.

Several equities analysts recently weighed in on ATUS shares. TheStreet raised shares of Altice USA from a “d+” rating to a “c+” rating in a research report on Thursday, April 25th. KeyCorp raised their price target on shares of Altice USA from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Altice USA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Macquarie started coverage on shares of Altice USA in a research report on Wednesday, June 19th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, UBS Group raised their price target on shares of Altice USA from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $29.82.

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

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