LMR Partners LLP Grows Position in Altice USA, Inc. (NYSE:ATUS)

LMR Partners LLP increased its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 31.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,938,533 shares of the company's stock after purchasing an additional 938,533 shares during the period. LMR Partners LLP owned approximately 0.85% of Altice USA worth $9,492,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ATUS. LPL Financial LLC bought a new stake in Altice USA in the fourth quarter worth $25,000. Raymond James Financial Inc. purchased a new position in Altice USA during the fourth quarter worth $30,000. Dynamic Technology Lab Private Ltd purchased a new position in Altice USA during the fourth quarter worth $43,000. Arrowstreet Capital Limited Partnership purchased a new position in Altice USA during the fourth quarter worth $103,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Altice USA during the fourth quarter worth $105,000. Institutional investors own 54.85% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on ATUS shares. Raymond James raised shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective for the company in a research note on Tuesday, February 18th. Barclays lifted their price objective on shares of Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $2.75.

Altice USA Trading Down 14.7%

Shares of ATUS traded down $0.42 during trading hours on Friday, reaching $2.42. 12,028,158 shares of the company traded hands, compared to its average volume of 3,311,697. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -10.50 and a beta of 1.65. Altice USA, Inc. has a 12-month low of $1.52 and a 12-month high of $3.20. The stock's fifty day moving average price is $2.51 and its 200 day moving average price is $2.59.

Altice USA (NYSE:ATUS - Get Free Report) last issued its earnings results 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 firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, research analysts forecast that Altice USA, Inc. will post -0.24 earnings per share for the current year.

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.