Aquatic Capital Management LLC Increases Stock Position in Altice USA, Inc. (NYSE:ATUS)

Aquatic Capital Management LLC lifted its holdings in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 2,245.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,973 shares of the company's stock after acquiring an additional 123,473 shares during the period. Aquatic Capital Management LLC's holdings in Altice USA were worth $311,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. LPL Financial LLC purchased a new position in Altice USA during the 4th quarter worth $25,000. Raymond James Financial Inc. purchased a new position in shares of Altice USA during the fourth quarter worth about $30,000. Dynamic Technology Lab Private Ltd acquired a new position in Altice USA in the 4th quarter valued at about $43,000. Arrowstreet Capital Limited Partnership purchased a new stake in Altice USA during the 4th quarter valued at approximately $103,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Altice USA during the 4th quarter worth approximately $105,000. 54.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Raymond James upgraded shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective 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 company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $2.67.

Altice USA Trading Up 4.5 %

Shares of ATUS traded up $0.12 during trading hours on Tuesday, reaching $2.65. The company had a trading volume of 4,749,476 shares, compared to its average volume of 3,203,267. Altice USA, Inc. has a 12-month low of $1.52 and a 12-month high of $3.20. The firm has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.58. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -11.50 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last issued its earnings results 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). Sell-side 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.