Two Sigma Investments LP Has $6.90 Million Stock Position in Altice USA, Inc. (NYSE:ATUS)

Two Sigma Investments LP grew its position in Altice USA, Inc. (NYSE:ATUS - Free Report) by 82.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,861,033 shares of the company's stock after acquiring an additional 1,294,782 shares during the period. Two Sigma Investments LP owned about 0.62% of Altice USA worth $6,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Altice USA by 238.7% during the fourth quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock worth $15,531,000 after purchasing an additional 4,541,359 shares during the last quarter. Barclays PLC lifted its holdings in Altice USA by 120.3% in the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock valued at $3,756,000 after purchasing an additional 834,030 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Altice USA by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,695,716 shares of the company's stock worth $6,500,000 after purchasing an additional 12,959 shares during the last quarter. Swiss National Bank boosted its position in Altice USA by 2.0% during the fourth quarter. Swiss National Bank now owns 407,700 shares of the company's stock worth $983,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Sona Asset Management US LLC grew its position in shares of Altice USA by 30.0% in 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 purchasing an additional 900,000 shares during the period. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Performance

Shares of NYSE ATUS traded up $0.01 during mid-day trading on Friday, reaching $2.35. 459,715 shares of the company traded hands, compared to its average volume of 3,340,003. The company's fifty day moving average is $2.47 and its two-hundred day moving average is $2.57. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The stock has a market cap of $1.10 billion, a PE ratio of -10.20 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 firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm earned ($0.05) EPS. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. Research analysts forecast that Altice USA, Inc. will post -0.24 earnings per share for the current year.

Analyst Ratings Changes

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

Altice USA 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.