Altice USA, Inc. (NYSE:ATUS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its stake in Altice USA, Inc. (NYSE:ATUS - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,071,530 shares of the company's stock after selling 261,375 shares during the quarter. 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 institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Altice USA by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 22,291,467 shares of the company's stock valued at $53,722,000 after acquiring an additional 208,478 shares during the period. Empyrean Capital Partners LP lifted its holdings in shares of Altice USA by 785.0% in the 4th quarter. Empyrean Capital Partners LP now owns 17,700,000 shares of the company's stock valued at $42,657,000 after purchasing an additional 15,700,000 shares during the last quarter. Nomura Holdings Inc. raised its stake in Altice USA by 13.5% during the 4th 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 last quarter. Apollo Management Holdings L.P. raised its stake in shares of Altice USA by 21.9% during the 4th quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company's stock worth $29,383,000 after buying an additional 2,192,050 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Altice USA by 5.6% during the 4th quarter. Deutsche Bank AG now owns 9,530,118 shares of the company's stock worth $22,968,000 after buying an additional 506,057 shares in the last quarter. Institutional investors own 54.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group boosted 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. Barclays increased their price objective on Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $2.88.

Altice USA Price Performance

NYSE:ATUS traded up $0.11 during trading hours on Wednesday, hitting $2.89. The stock had a trading volume of 5,081,614 shares, compared to its average volume of 3,637,058. The company has a 50 day simple moving average of $2.34 and a two-hundred day simple moving average of $2.52. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.20. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -8.49 and a beta of 1.58.

Altice USA (NYSE:ATUS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.16) earnings per share 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 analysts' expectations of $2.16 billion. During the same quarter last year, the firm earned ($0.05) earnings per share. The company's quarterly revenue was down 4.4% on a year-over-year basis. Equities research 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.