Assenagon Asset Management S.A. Sells 863,387 Shares of Altice USA, Inc. (NYSE:ATUS)

Assenagon Asset Management S.A. lessened its holdings in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 96.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 27,791 shares of the company's stock after selling 863,387 shares during the period. Assenagon Asset Management S.A.'s holdings in Altice USA were worth $74,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Swiss National Bank grew its holdings in shares of Altice USA by 2.0% in the 4th quarter. Swiss National Bank now owns 407,700 shares of the company's stock valued at $983,000 after buying an additional 8,000 shares during the period. LPL Financial LLC acquired a new position in shares of Altice USA in the 4th quarter valued at $25,000. Raymond James Financial Inc. acquired a new position in shares of Altice USA in the 4th quarter valued at $30,000. Geode Capital Management LLC grew its holdings in shares of Altice USA by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,695,716 shares of the company's stock valued at $6,500,000 after buying an additional 12,959 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Altice USA in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 54.85% of the company's stock.

Altice USA Stock Down 1.2%

Shares of ATUS stock traded down $0.03 on Friday, reaching $2.00. The stock had a trading volume of 4,122,400 shares, compared to its average volume of 2,486,689. The firm's 50-day moving average is $2.35 and its two-hundred day moving average is $2.53. Altice USA, Inc. has a 12 month low of $1.52 and a 12 month 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm posted ($0.05) earnings per share. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. Sell-side analysts predict that Altice USA, Inc. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ATUS. The Goldman Sachs Group boosted 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. Barclays upped their target price on shares of Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Altice USA currently has an average rating of "Hold" and a consensus target price of $2.75.

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.