Altice USA, Inc. (NYSE:ATUS) is Bracebridge Capital LLC's 6th Largest Position

Bracebridge Capital LLC boosted its position in Altice USA, Inc. (NYSE:ATUS - Free Report) by 35.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,854,977 shares of the company's stock after purchasing an additional 2,322,337 shares during the period. Altice USA comprises 1.5% of Bracebridge Capital LLC's portfolio, making the stock its 6th biggest holding. Bracebridge Capital LLC owned about 1.92% of Altice USA worth $21,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in Altice USA by 2.8% during the 3rd quarter. State Street Corp now owns 1,534,608 shares of the company's stock valued at $3,775,000 after purchasing an additional 41,868 shares during the period. Barclays PLC raised its stake in Altice USA by 120.3% during the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock valued at $3,756,000 after purchasing an additional 834,030 shares during the period. Geode Capital Management LLC raised its stake in Altice USA by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,682,757 shares of the company's stock valued at $6,602,000 after purchasing an additional 191,508 shares during the period. JPMorgan Chase & Co. increased its stake in Altice USA by 1,617.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,902,834 shares of the company's stock worth $4,681,000 after acquiring an additional 1,792,054 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Altice USA by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,462,972 shares of the company's stock worth $3,526,000 after acquiring an additional 60,656 shares during the last quarter. 54.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James raised Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $2.67.

Altice USA Price Performance

Shares of Altice USA stock traded down $0.01 on Friday, reaching $2.36. The company had a trading volume of 3,463,910 shares, compared to its average volume of 3,212,628. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -10.26 and a beta of 1.65. The firm's 50-day moving average price is $2.54 and its two-hundred day moving average price is $2.57. 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 announced its earnings results on Thursday, February 13th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). As a group, analysts anticipate 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.