Altice USA, Inc. (NYSE:ATUS) Shares Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lifted its holdings in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,175,486 shares of the company's stock after purchasing an additional 577,435 shares during the period. Hudson Bay Capital Management LP owned about 1.34% of Altice USA worth $14,883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Graham Capital Management L.P. increased its position in Altice USA by 28.2% during the 4th quarter. Graham Capital Management L.P. now owns 125,287 shares of the company's stock worth $302,000 after purchasing an additional 27,544 shares in the last quarter. Empyrean Capital Partners LP grew its holdings in shares of Altice USA by 785.0% during the fourth quarter. Empyrean Capital Partners LP now owns 17,700,000 shares of the company's stock worth $42,657,000 after buying an additional 15,700,000 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Altice USA by 5.6% during the fourth quarter. Deutsche Bank AG now owns 9,530,118 shares of the company's stock worth $22,968,000 after buying an additional 506,057 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Altice USA during the fourth quarter valued at approximately $155,000. Finally, CastleKnight Management LP boosted its position in Altice USA by 1.5% during the fourth quarter. CastleKnight Management LP now owns 2,435,931 shares of the company's stock worth $5,871,000 after acquiring an additional 36,700 shares during the last quarter. Hedge funds and other institutional investors own 54.85% of the company's stock.

Altice USA Stock Performance

Shares of NYSE:ATUS opened at $2.63 on Friday. Altice USA, Inc. has a 1 year low of $1.52 and a 1 year high of $3.20. The stock has a 50-day simple moving average of $2.48 and a 200-day simple moving average of $2.58. The stock has a market capitalization of $1.22 billion, a P/E ratio of -11.43 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. Analysts predict that Altice USA, Inc. will post -0.24 earnings per share for the current year.

Analysts Set New Price Targets

ATUS has been the subject of several analyst reports. Raymond James upgraded Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price target for the company in a report on Tuesday, February 18th. Barclays increased their target price on Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, The Goldman Sachs Group upped their price objective on shares of Altice USA from $2.00 to $2.25 and gave the company a "sell" rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Altice USA has an average rating of "Hold" and a consensus price target of $2.75.

Altice USA Company 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.

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