Altice USA, Inc. (NYSE:ATUS) Holdings Raised by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 390.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,075 shares of the company's stock after buying an additional 146,505 shares during the quarter. Mackenzie Financial Corp's holdings in Altice USA were worth $444,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC bought a new position in Altice USA during the 4th quarter worth $25,000. Raymond James Financial Inc. bought a new position in Altice USA during the 4th quarter worth $30,000. Dynamic Technology Lab Private Ltd acquired a new position in Altice USA during the 4th quarter worth $43,000. State of Wyoming bought a new position in shares of Altice USA in the fourth quarter worth $57,000. Finally, Nuveen Asset Management LLC bought a new position in shares of Altice USA in the fourth quarter worth $60,000. 54.85% of the stock is currently owned by institutional investors.

Altice USA Price Performance

Shares of Altice USA stock traded up $0.12 during trading on Friday, hitting $2.26. The stock had a trading volume of 2,297,019 shares, compared to its average volume of 3,331,975. The firm has a market cap of $1.06 billion, a P/E ratio of -9.83 and a beta of 1.61. The business has a fifty day moving average of $2.41 and a two-hundred day moving average of $2.56. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20.

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 firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the business posted ($0.05) EPS. As a group, research analysts forecast that Altice USA, Inc. will post -0.24 earnings per share for the current year.

Analyst Ratings Changes

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

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.