Altice USA, Inc. (NYSE:ATUS) Shares Acquired by Taconic Capital Advisors LP

Taconic Capital Advisors LP lifted its stake in Altice USA, Inc. (NYSE:ATUS - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,325,000 shares of the company's stock after acquiring an additional 375,000 shares during the period. Altice USA makes up 1.1% of Taconic Capital Advisors LP's portfolio, making the stock its 10th largest holding. Taconic Capital Advisors LP owned approximately 0.29% of Altice USA worth $3,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Wyoming bought a new position in Altice USA in the fourth quarter worth $57,000. Sona Asset Management US LLC lifted its holdings in shares of Altice USA by 30.0% during the fourth quarter. Sona Asset Management US LLC now owns 3,900,000 shares of the company's stock valued at $9,399,000 after acquiring an additional 900,000 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Altice USA by 34.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,184,126 shares of the company's stock valued at $2,854,000 after acquiring an additional 303,141 shares during the period. Nomura Holdings Inc. lifted its holdings in shares of Altice USA by 13.5% during the fourth quarter. Nomura Holdings Inc. now owns 12,489,861 shares of the company's stock valued at $30,101,000 after acquiring an additional 1,489,300 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in shares of Altice USA during the fourth quarter valued at $60,000. Institutional investors and hedge funds own 54.85% of the company's stock.

Analyst Ratings Changes

ATUS has been the subject of a number of analyst reports. Barclays lifted their price objective on Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Raymond James raised Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective for the company in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group lifted their price objective on Altice USA from $2.00 to $2.25 and gave the company a "sell" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $2.75.

Altice USA Stock Performance

NYSE:ATUS traded up $0.10 on Friday, hitting $2.37. 3,317,692 shares of the stock were exchanged, compared to its average volume of 3,345,651. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -10.28 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 company's 50-day moving average price is $2.49 and its 200 day moving average price is $2.58.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. The company's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. As a group, equities research analysts predict 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.