D. E. Shaw & Co. Inc. Sells 190,478 Shares of Altice USA, Inc. (NYSE:ATUS)

D. E. Shaw & Co. Inc. lowered its stake in Altice USA, Inc. (NYSE:ATUS - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,175,072 shares of the company's stock after selling 190,478 shares during the quarter. D. E. Shaw & Co. Inc. owned 2.42% of Altice USA worth $26,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its holdings in Altice USA by 5.6% in the fourth quarter. Deutsche Bank AG now owns 9,530,118 shares of the company's stock worth $22,968,000 after purchasing an additional 506,057 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Altice USA in the fourth quarter worth approximately $155,000. CastleKnight Management LP boosted its holdings in Altice USA by 1.5% in the fourth quarter. CastleKnight Management LP now owns 2,435,931 shares of the company's stock worth $5,871,000 after purchasing an additional 36,700 shares during the last quarter. Caxton Associates LP raised its position in Altice USA by 606.1% in the fourth quarter. Caxton Associates LP now owns 193,321 shares of the company's stock worth $466,000 after acquiring an additional 165,943 shares during the period. Finally, Algert Global LLC raised its position in Altice USA by 36.3% in the fourth quarter. Algert Global LLC now owns 870,737 shares of the company's stock worth $2,098,000 after acquiring an additional 231,732 shares during the period. Hedge funds and other institutional investors own 54.85% of the company's stock.

Wall Street Analysts Forecast Growth

ATUS has been the topic of several 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 target on the stock in a research report on Tuesday, February 18th. 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, The Goldman Sachs Group increased their price target on shares of Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Altice USA has a consensus rating of "Hold" and an average target price of $2.75.

Altice USA Price Performance

Shares of ATUS stock traded down $0.42 on Friday, hitting $2.42. 12,028,158 shares of the stock traded hands, compared to its average volume of 3,311,697. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -10.50 and a beta of 1.65. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.20. The firm has a 50 day simple moving average of $2.51 and a two-hundred day simple moving average of $2.59.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $2.16 billion. Altice USA's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. Sell-side analysts forecast that Altice USA, Inc. will post -0.24 EPS for the current year.

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.