Altice USA, Inc. $ATUS Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Altice USA by 61.4%, owning approximately 2.36 million shares valued at $6.28 million as of the end of the last quarter.
• Altice USA's stock price opened at $2.38, with the company reporting a loss of $0.21 EPS for the last quarter, missing expectations.
• Barclays and Goldman Sachs raised their price targets for Altice USA to $3.00 and $2.25 respectively, with the stock currently holding a consensus price target of $3.05.

Charles Schwab Investment Management Inc. raised its position in Altice USA, Inc. (NYSE:ATUS - Free Report) by 61.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,361,067 shares of the company's stock after purchasing an additional 898,095 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.51% of Altice USA worth $6,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATUS. Empyrean Capital Partners LP boosted its stake in shares of Altice USA by 785.0% during the 4th quarter. Empyrean Capital Partners LP now owns 17,700,000 shares of the company's stock worth $42,657,000 after acquiring an additional 15,700,000 shares in the last quarter. Apollo Management Holdings L.P. boosted its stake in shares of Altice USA by 21.9% during the 4th quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company's stock worth $29,383,000 after acquiring an additional 2,192,050 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Altice USA by 331.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 2,539,489 shares of the company's stock worth $6,120,000 after acquiring an additional 1,950,437 shares in the last quarter. Nomura Holdings Inc. boosted its stake in shares of Altice USA by 13.5% during the 4th quarter. Nomura Holdings Inc. now owns 12,489,861 shares of the company's stock worth $30,101,000 after acquiring an additional 1,489,300 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Altice USA by 36.4% during the 4th quarter. Millennium Management LLC now owns 4,992,142 shares of the company's stock worth $12,031,000 after acquiring an additional 1,332,776 shares in the last quarter. Hedge funds and other institutional investors own 54.85% of the company's stock.

Altice USA Stock Up 0.2%

Altice USA stock opened at $2.38 on Wednesday. The business has a 50 day moving average price of $2.39 and a two-hundred day moving average price of $2.46. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -4.09 and a beta of 1.55. Altice USA, Inc. has a 12 month low of $1.70 and a 12 month high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.15). The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. The firm's quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the business posted $0.03 earnings per share. On average, analysts expect that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ATUS. Barclays increased their target price on Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. The Goldman Sachs Group increased their target price on Altice USA from $2.00 to $2.25 and gave the company a "sell" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $3.05.

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.

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