Balyasny Asset Management L.P. Has $905,000 Position in Altice USA, Inc. (NYSE:ATUS)

Balyasny Asset Management L.P. trimmed its position in Altice USA, Inc. (NYSE:ATUS - Free Report) by 86.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 375,522 shares of the company's stock after selling 2,316,169 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.08% of Altice USA worth $905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC acquired a new stake in shares of Altice USA during the fourth quarter worth approximately $25,000. Raymond James Financial Inc. acquired a new stake in shares of Altice USA during the fourth quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Altice USA during the fourth quarter worth approximately $43,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Altice USA during the fourth quarter worth approximately $103,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Altice USA during the fourth quarter worth approximately $105,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ATUS. Barclays raised their price target on shares of Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. The Goldman Sachs Group raised their price objective 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 objective on the stock in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $2.75.

Altice USA Price Performance

ATUS traded down $0.42 during midday trading on Friday, hitting $2.42. 12,028,158 shares of the company's stock traded hands, compared to its average volume of 3,311,697. The company has a market cap of $1.12 billion, a PE ratio of -10.50 and a beta of 1.65. The stock's fifty 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.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.16) 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 the consensus estimate of $2.16 billion. During the same quarter last year, the company posted ($0.05) earnings per share. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. On average, research analysts expect that Altice USA, Inc. will post -0.24 EPS for the current year.

Altice USA Company 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.