Altice USA, Inc. (NYSE:ATUS) Stake Lessened by Compass Rose Asset Management LP

Compass Rose Asset Management LP reduced its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000,000 shares of the company's stock after selling 250,000 shares during the quarter. Altice USA accounts for 1.0% of Compass Rose Asset Management LP's portfolio, making the stock its 13th largest position. Compass Rose Asset Management LP owned about 0.22% of Altice USA worth $2,410,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ATUS. LPL Financial LLC acquired a new position in shares of Altice USA during the fourth quarter valued at $25,000. Raymond James Financial Inc. acquired a new position in Altice USA during the 4th quarter valued at about $30,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Altice USA during the 4th quarter worth about $43,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Altice USA in the 4th quarter worth approximately $103,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Altice USA in the fourth quarter valued at approximately $105,000. Institutional investors own 54.85% of the company's stock.

Altice USA Stock Performance

Shares of NYSE ATUS traded down $0.14 during trading on Friday, hitting $2.63. The company had a trading volume of 2,913,228 shares, compared to its average volume of 3,220,647. The company has a market cap of $1.22 billion, a P/E ratio of -11.43 and a beta of 1.65. The business's 50-day moving average is $2.48 and its 200 day moving average is $2.58. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. On average, research analysts expect that Altice USA, Inc. will post -0.24 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on ATUS. Barclays boosted their target price on Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" rating in a report on Friday. The Goldman Sachs Group boosted their price objective on Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a research note on Friday. Finally, Raymond James raised Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 target price for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus 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.