Apollo Management Holdings L.P. Has $29.38 Million Holdings in Altice USA, Inc. (NYSE:ATUS)

Apollo Management Holdings L.P. raised its stake in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,192,050 shares of the company's stock after purchasing an additional 2,192,050 shares during the quarter. Altice USA accounts for about 0.4% of Apollo Management Holdings L.P.'s investment portfolio, making the stock its 14th biggest position. Apollo Management Holdings L.P. owned about 2.64% of Altice USA worth $29,383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Paloma Partners Management Co boosted its holdings in Altice USA by 19.8% during the fourth quarter. Paloma Partners Management Co now owns 2,647,941 shares of the company's stock valued at $6,382,000 after purchasing an additional 437,000 shares in the last quarter. Northern Trust Corp grew its position in Altice USA by 15.2% in the fourth quarter. Northern Trust Corp now owns 703,178 shares of the company's stock valued at $1,695,000 after acquiring an additional 92,521 shares during the period. Tudor Investment Corp ET AL raised its stake in Altice USA by 331.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 2,539,489 shares of the company's stock worth $6,120,000 after acquiring an additional 1,950,437 shares in the last quarter. Aquatic Capital Management LLC boosted its stake in shares of Altice USA by 2,245.0% in the 4th quarter. Aquatic Capital Management LLC now owns 128,973 shares of the company's stock valued at $311,000 after purchasing an additional 123,473 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Altice USA in the 4th quarter worth about $2,057,000. 54.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, 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 research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $2.67.

Altice USA Stock Performance

Altice USA stock traded up $0.06 during trading hours on Monday, reaching $2.53. 1,343,423 shares of the company's stock traded hands, compared to its average volume of 3,188,596. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The firm's 50 day moving average is $2.50 and its 200-day moving average is $2.57. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -10.98 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). Analysts predict that Altice USA, Inc. will post -0.24 EPS for the current year.

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.