Altice USA, Inc. (NYSE:ATUS) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,530,118 shares of the company's stock after purchasing an additional 506,057 shares during the quarter. Deutsche Bank AG owned 2.06% of Altice USA worth $22,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in Altice USA by 120.3% during the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock worth $3,756,000 after buying an additional 834,030 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Altice USA by 1,617.7% in the third quarter. JPMorgan Chase & Co. now owns 1,902,834 shares of the company's stock valued at $4,681,000 after purchasing an additional 1,792,054 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Altice USA by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,462,972 shares of the company's stock valued at $3,526,000 after purchasing an additional 60,656 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Altice USA during the 4th quarter worth approximately $30,000. Finally, Swiss National Bank boosted its holdings in shares of Altice USA by 2.0% in the 4th quarter. Swiss National Bank now owns 407,700 shares of the company's stock valued at $983,000 after buying an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 54.85% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays raised their price objective on Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. The Goldman Sachs Group boosted their price objective on Altice USA from $2.00 to $2.25 and gave the company a "sell" rating in a research note on Friday, May 9th. Finally, Raymond James upgraded shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 target price on the stock in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $2.75.

Altice USA Stock Up 1.5%

NYSE ATUS traded up $0.04 during trading hours on Tuesday, hitting $2.42. 623,453 shares of the stock were exchanged, compared to its average volume of 3,299,780. The stock has a 50-day moving average of $2.51 and a 200 day moving average of $2.59. Altice USA, Inc. has a 12-month low of $1.52 and a 12-month high of $3.20. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -10.50 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $2.16 billion. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. On average, equities research analysts expect that Altice USA, Inc. will post -0.24 earnings per share for the current year.

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.