Squarepoint Ops LLC Invests $668,000 in Altice USA, Inc. (NYSE:ATUS)

Squarepoint Ops LLC bought a new stake in Altice USA, Inc. (NYSE:ATUS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 277,379 shares of the company's stock, valued at approximately $668,000. Squarepoint Ops LLC owned approximately 0.06% of Altice USA at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Swiss National Bank raised its holdings in shares of Altice USA by 2.0% during 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 in the last quarter. LPL Financial LLC bought a new stake in shares of Altice USA in the 4th quarter worth approximately $25,000. Raymond James Financial Inc. bought a new stake in shares of Altice USA in the 4th quarter worth approximately $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 bought a new position in shares of Altice USA during the 4th quarter valued at $43,000. 54.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Altice USA Price Performance

Altice USA stock traded down $0.10 during trading hours on Wednesday, reaching $2.16. The stock had a trading volume of 1,997,254 shares, compared to its average volume of 3,311,801. The company has a fifty day simple moving average of $2.44 and a 200-day simple moving average of $2.57. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.20. The stock has a market cap of $1.01 billion, a PE ratio of -9.39 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.16) earnings per share (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 the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Altice USA's revenue was down 4.4% compared to the same quarter last year. Research analysts predict that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal 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.