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

Squarepoint Ops LLC acquired a new position in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 277,379 shares of the company's stock, valued at approximately $668,000. Squarepoint Ops LLC owned approximately 0.06% of Altice USA as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Altice USA by 0.9% during the fourth 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 grew its position in Altice USA by 785.0% during the 4th quarter. Empyrean Capital Partners LP now owns 17,700,000 shares of the company's stock worth $42,657,000 after purchasing an additional 15,700,000 shares in the last quarter. Nomura Holdings Inc. grew its position in Altice USA by 13.5% during the 4th quarter. Nomura Holdings Inc. now owns 12,489,861 shares of the company's stock worth $30,101,000 after purchasing an additional 1,489,300 shares in the last quarter. Apollo Management Holdings L.P. raised its stake in 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 valued at $29,383,000 after purchasing an additional 2,192,050 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Altice USA by 5.6% in the fourth quarter. Deutsche Bank AG now owns 9,530,118 shares of the company's stock valued at $22,968,000 after purchasing an additional 506,057 shares in the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Altice USA Stock Performance

Shares of NYSE ATUS traded up $0.12 during mid-day trading on Friday, reaching $2.26. The company had a trading volume of 2,297,019 shares, compared to its average volume of 3,324,054. Altice USA, Inc. has a twelve month low of $1.52 and a twelve month high of $3.20. The stock has a market capitalization of $1.06 billion, a PE ratio of -9.83 and a beta of 1.65. The stock's 50 day moving average is $2.42 and its 200-day moving average is $2.56.

Altice USA (NYSE:ATUS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the prior year, the business earned ($0.05) EPS. Altice USA's quarterly revenue was down 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Altice USA, Inc. will post -0.24 EPS 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.