Barclays PLC Purchases 456,759 Shares of Altice USA, Inc. (NYSE:ATUS)

Barclays PLC raised its position in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 29.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,984,183 shares of the company's stock after acquiring an additional 456,759 shares during the period. Barclays PLC owned approximately 0.43% of Altice USA worth $4,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATUS. LPL Financial LLC bought a new stake in Altice USA during the 4th quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new stake in shares of Altice USA in the fourth quarter valued at approximately $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Altice USA in the fourth quarter worth $43,000. Arrowstreet Capital Limited Partnership bought a new position in Altice USA during the fourth quarter worth $103,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Altice USA in the 4th quarter valued at $105,000. 54.85% of the stock is owned by institutional investors and hedge funds.

Altice USA Stock Performance

Shares of ATUS stock traded down $0.06 during mid-day trading on Friday, reaching $2.46. The company's stock had a trading volume of 511,905 shares, compared to its average volume of 3,213,975. The firm's 50-day moving average is $2.51 and its two-hundred day moving average is $2.57. The company has a market cap of $1.14 billion, a P/E ratio of -10.72 and a beta of 1.65. Altice USA, Inc. has a 1-year low of $1.52 and a 1-year high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). Sell-side analysts anticipate that Altice USA, Inc. will post -0.24 EPS for the current year.

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 report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $2.67.

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.