AlTi Global Inc. Purchases Shares of 133,075 Altice USA, Inc. (NYSE:ATUS)

AlTi Global Inc. acquired a new stake in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 133,075 shares of the company's stock, valued at approximately $321,000.

A number of other institutional investors also recently modified their holdings of ATUS. Barclays PLC boosted its stake in shares of Altice USA by 120.3% during the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock valued at $3,756,000 after purchasing an additional 834,030 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Altice USA by 1,617.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,902,834 shares of the company's stock worth $4,681,000 after acquiring an additional 1,792,054 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Altice USA by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,462,972 shares of the company's stock valued at $3,526,000 after buying an additional 60,656 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Altice USA in the 4th quarter worth about $30,000. Finally, Swiss National Bank increased its stake in shares of Altice USA by 2.0% in the 4th quarter. Swiss National Bank now owns 407,700 shares of the company's stock worth $983,000 after acquiring an additional 8,000 shares in the last quarter. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Altice USA Trading Down 5.1 %

NYSE:ATUS traded down $0.14 during trading hours on Friday, reaching $2.63. The company had a trading volume of 2,913,208 shares, compared to its average volume of 3,218,043. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -11.43 and a beta of 1.65. The firm's 50 day moving average price is $2.48 and its 200-day moving average price is $2.58. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.08). The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. On average, analysts forecast that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on ATUS shares. Barclays raised their price objective on Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a research report on Friday. The Goldman Sachs Group lifted their target price on shares of Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a report on Friday. Finally, Raymond James upgraded shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price target on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $2.75.

About Altice USA

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.