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

Hudson Bay Capital Management LP lifted its stake in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 1.34% of Altice USA worth $14,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ATUS. Empyrean Capital Partners LP boosted its holdings in shares of Altice USA by 785.0% during the 4th quarter. Empyrean Capital Partners LP now owns 17,700,000 shares of the company's stock worth $42,657,000 after purchasing an additional 15,700,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Altice USA by 238.7% during the 4th quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock worth $15,531,000 after purchasing an additional 4,541,359 shares during the last quarter. Bracebridge Capital LLC boosted its holdings in shares of Altice USA by 35.5% during the 4th quarter. Bracebridge Capital LLC now owns 8,854,977 shares of the company's stock worth $21,340,000 after purchasing an additional 2,322,337 shares during the last quarter. Apollo Management Holdings L.P. boosted its holdings 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. Finally, Tudor Investment Corp ET AL boosted its holdings in shares of 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 purchasing an additional 1,950,437 shares during the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Performance

Shares of NYSE:ATUS traded down $0.42 during trading on Friday, hitting $2.42. The company's stock had a trading volume of 12,014,026 shares, compared to its average volume of 3,311,627. The business has a 50 day moving average price of $2.51 and a two-hundred day moving average price of $2.59. The company has a market capitalization of $1.12 billion, a PE ratio of -10.50 and a beta of 1.65. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the business posted ($0.05) EPS. As a group, equities analysts expect that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on ATUS shares. Barclays lifted their price target on shares of Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group lifted their price target on shares of Altice USA from $2.00 to $2.25 and gave the company a "sell" rating in a research report on Friday, May 9th. Finally, Raymond James raised 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 research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $2.75.

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.