Deutsche Bank AG Has $22.97 Million Stake in Altice USA, Inc. (NYSE:ATUS)

Deutsche Bank AG increased its stake in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,530,118 shares of the company's stock after buying an additional 506,057 shares during the quarter. Deutsche Bank AG owned about 2.06% of Altice USA worth $22,968,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on ATUS. The Goldman Sachs Group raised their target price on Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a research report on Friday, May 9th. Barclays lifted their price objective on 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, Raymond James upgraded 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $2.75.

Altice USA Price Performance

Shares of ATUS traded down $0.42 during trading hours on Friday, hitting $2.42. The stock had a trading volume of 12,028,158 shares, compared to its average volume of 3,311,697. The firm has a 50 day simple moving average of $2.51 and a 200-day simple moving average of $2.59. The firm has a market capitalization of $1.12 billion, a P/E ratio of -10.50 and a beta of 1.65. 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 issued its 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 the consensus estimate of $2.16 billion. Altice USA's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS. Equities analysts predict that Altice USA, Inc. will post -0.24 EPS for the current fiscal 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.