LMR Partners LLP Has $9.49 Million Stock Holdings in Altice USA, Inc. (NYSE:ATUS)

LMR Partners LLP boosted its stake in Altice USA, Inc. (NYSE:ATUS - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,938,533 shares of the company's stock after purchasing an additional 938,533 shares during the quarter. LMR Partners LLP owned about 0.85% of Altice USA worth $9,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC bought a new position in Altice USA in the 4th quarter valued at about $25,000. Raymond James Financial Inc. bought a new position in Altice USA in the fourth quarter valued at approximately $30,000. Dynamic Technology Lab Private Ltd acquired a new position in Altice USA during the fourth quarter valued at approximately $43,000. Arrowstreet Capital Limited Partnership bought a new stake in Altice USA during the fourth quarter worth $103,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Altice USA in the 4th quarter valued at $105,000. Institutional investors own 54.85% of the company's stock.

Altice USA Stock Down 14.7%

Altice USA stock traded down $0.42 during trading hours on Friday, hitting $2.42. The stock had a trading volume of 12,028,158 shares, compared to its average volume of 3,314,558. The business's 50 day simple moving average is $2.51 and its 200-day simple moving average is $2.59. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.20. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -10.50 and a beta of 1.65.

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

Analysts Set New Price Targets

ATUS has been the subject of several recent analyst reports. Raymond James upgraded Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group increased 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, May 9th. Finally, 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 report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Altice USA has an average rating of "Hold" and an average price target 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.