Altice USA, Inc. (NYSE:ATUS) Stock Holdings Increased by Taconic Capital Advisors LP

Taconic Capital Advisors LP increased its stake in Altice USA, Inc. (NYSE:ATUS - Free Report) by 39.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,325,000 shares of the company's stock after acquiring an additional 375,000 shares during the period. Altice USA comprises approximately 1.1% of Taconic Capital Advisors LP's portfolio, making the stock its 10th largest position. Taconic Capital Advisors LP owned about 0.29% of Altice USA worth $3,193,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ATUS. Empyrean Capital Partners LP boosted its stake in shares of Altice USA by 785.0% in the 4th quarter. Empyrean Capital Partners LP now owns 17,700,000 shares of the company's stock valued at $42,657,000 after purchasing an additional 15,700,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Altice USA by 238.7% during the fourth quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock valued at $15,531,000 after buying an additional 4,541,359 shares during the period. Bracebridge Capital LLC boosted its position in Altice USA by 35.5% during the fourth quarter. Bracebridge Capital LLC now owns 8,854,977 shares of the company's stock valued at $21,340,000 after buying an additional 2,322,337 shares during the period. Apollo Management Holdings L.P. grew its stake in shares of Altice USA by 21.9% during the fourth quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company's stock valued at $29,383,000 after buying an additional 2,192,050 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Altice USA by 331.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 2,539,489 shares of the company's stock worth $6,120,000 after buying an additional 1,950,437 shares during the period. Institutional investors own 54.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 report on Friday, May 9th. Raymond James upgraded Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective on the stock in a research report on Tuesday, February 18th. Finally, Barclays boosted their price target on shares of Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. One 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 data from MarketBeat, Altice USA has a consensus rating of "Hold" and an average target price of $2.75.

Altice USA Trading Up 5.1%

NYSE:ATUS traded up $0.12 during trading hours on Friday, reaching $2.39. 2,284,918 shares of the company traded hands, compared to its average volume of 3,328,166. The business's 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.58. Altice USA, Inc. has a 1 year low of $1.52 and a 1 year high of $3.20. The stock has a market capitalization of $1.10 billion, a P/E ratio of -10.37 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. The business's revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. As a group, equities analysts anticipate that Altice USA, Inc. will post -0.24 EPS 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.