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

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

A number of other large investors have also recently bought and sold shares of ATUS. LPL Financial LLC acquired a new position in shares of Altice USA during the fourth quarter valued at about $25,000. Raymond James Financial Inc. acquired a new position in shares of Altice USA during the fourth quarter valued at about $30,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Altice USA during the fourth quarter valued at about $43,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Altice USA during the fourth quarter valued at about $103,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Altice USA during the fourth quarter valued at about $105,000. 54.85% of the stock is currently owned by institutional investors.

Altice USA Price Performance

Shares of NYSE ATUS traded up $0.05 during midday trading on Tuesday, reaching $2.43. 437,562 shares of the stock were exchanged, compared to its average volume of 3,299,036. The business has a 50-day simple moving average of $2.51 and a two-hundred day simple moving average of $2.59. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -10.54 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.

Altice USA (NYSE:ATUS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) 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 quarter last year, the firm posted ($0.05) EPS. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts expect that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ATUS. The Goldman Sachs Group upped 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. Barclays increased their price target on shares of Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" 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 target for the company in a research report on Tuesday, February 18th. One research 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 data from MarketBeat.com, Altice USA has an average rating of "Hold" and an average target price of $2.75.

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.