Altice USA, Inc. (NYSE:ATUS) Shares Sold by 140 Summer Partners LP

140 Summer Partners LP lessened its position in Altice USA, Inc. (NYSE:ATUS - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,271,900 shares of the company's stock after selling 388,300 shares during the quarter. Altice USA makes up 1.0% of 140 Summer Partners LP's investment portfolio, making the stock its 17th largest holding. 140 Summer Partners LP owned approximately 0.71% of Altice USA worth $7,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Foursixthree Capital LP purchased a new position in Altice USA in the fourth quarter valued at $2,353,000. Apollo Management Holdings L.P. lifted its position in shares of Altice USA by 21.9% during the 4th quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company's stock worth $29,383,000 after purchasing an additional 2,192,050 shares during the last quarter. Paloma Partners Management Co grew its stake in shares of Altice USA by 19.8% during the fourth quarter. Paloma Partners Management Co now owns 2,647,941 shares of the company's stock worth $6,382,000 after purchasing an additional 437,000 shares in the last quarter. Northern Trust Corp increased its holdings in Altice USA by 15.2% in the fourth quarter. Northern Trust Corp now owns 703,178 shares of the company's stock valued at $1,695,000 after buying an additional 92,521 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in Altice USA by 331.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 2,539,489 shares of the company's stock worth $6,120,000 after buying an additional 1,950,437 shares during the last quarter. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 target price for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Altice USA currently has an average rating of "Hold" and a consensus price target of $2.67.

Altice USA Stock Up 1.8 %

ATUS traded up $0.05 during trading on Monday, hitting $2.52. 3,310,111 shares of the stock were exchanged, compared to its average volume of 3,196,391. The firm has a market capitalization of $1.17 billion, a P/E ratio of -10.93 and a beta of 1.65. Altice USA, Inc. has a 1-year low of $1.52 and a 1-year high of $3.20. The stock has a fifty day moving average price of $2.50 and a two-hundred day moving average price of $2.57.

Altice USA (NYSE:ATUS - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). Analysts predict that Altice USA, Inc. will post -0.24 EPS for the current year.

Altice USA Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.