Caxton Associates LP Grows Stock Position in Altice USA, Inc. (NYSE:ATUS)

Caxton Associates LP increased its position in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 606.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 193,321 shares of the company's stock after acquiring an additional 165,943 shares during the quarter. Caxton Associates LP's holdings in Altice USA were worth $466,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Altice USA by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 22,291,467 shares of the company's stock worth $53,722,000 after purchasing an additional 208,478 shares during the period. Apollo Management Holdings L.P. increased its stake in shares of Altice USA by 21.9% in the fourth quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company's stock valued at $29,383,000 after buying an additional 2,192,050 shares in the last quarter. Bracebridge Capital LLC raised its position in shares of Altice USA by 35.5% during the fourth quarter. Bracebridge Capital LLC now owns 8,854,977 shares of the company's stock worth $21,340,000 after acquiring an additional 2,322,337 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Altice USA by 238.7% in the 4th quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock worth $15,531,000 after purchasing an additional 4,541,359 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Altice USA by 32.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,181,200 shares of the company's stock valued at $10,077,000 after buying an additional 1,033,200 shares in the last quarter. 54.85% of the stock is owned by institutional investors and hedge funds.

Altice USA Stock Up 0.4%

Altice USA stock traded up $0.01 during midday trading on Tuesday, reaching $2.70. 811,602 shares of the stock traded hands, compared to its average volume of 3,219,710. The stock's fifty day moving average is $2.49 and its 200-day moving average is $2.59. The stock has a market cap of $1.25 billion, a P/E ratio of -11.74 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 announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the prior year, the company posted ($0.05) EPS. The company's revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts predict that Altice USA, Inc. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

ATUS has been the subject of a number of recent research reports. Raymond James upgraded shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective for the company in a research note on Tuesday, February 18th. Barclays boosted their price target on Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, The Goldman Sachs Group increased their price objective on shares of Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $2.75.

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.