Massachusetts Financial Services Co. MA Has $8.17 Million Stock Position in Altice USA, Inc. (NYSE:ATUS)

Massachusetts Financial Services Co. MA lowered its stake in Altice USA, Inc. (NYSE:ATUS - Free Report) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,071,530 shares of the company's stock after selling 261,375 shares during the period. Massachusetts Financial Services Co. MA owned 0.66% of Altice USA worth $8,170,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ATUS. Swiss National Bank grew its holdings in shares of Altice USA by 2.0% during the fourth 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 last quarter. LPL Financial LLC bought a new position in shares of Altice USA in the 4th quarter worth $25,000. Raymond James Financial Inc. bought a new position in shares of Altice USA in the 4th quarter worth $30,000. Geode Capital Management LLC boosted its stake 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 purchasing an additional 12,959 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake 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.

Analyst Upgrades and Downgrades

ATUS has been the subject of several research reports. Barclays increased their price target 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. The Goldman Sachs Group raised their price objective on shares of Altice USA from $2.00 to $2.25 and gave the company a "sell" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $2.88.

Altice USA Stock Up 2.2%

Shares of ATUS stock opened at $2.79 on Friday. 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 $1.30 billion, a P/E ratio of -8.21 and a beta of 1.58. The business has a fifty day simple moving average of $2.33 and a 200-day simple moving average of $2.51.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The business's quarterly revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate 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.

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