Two Sigma Advisers LP Purchases 637,300 Shares of Altice USA, Inc. (NYSE:ATUS)

Two Sigma Advisers LP boosted its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 129.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,128,251 shares of the company's stock after purchasing an additional 637,300 shares during the quarter. Two Sigma Advisers LP owned about 0.24% of Altice USA worth $2,719,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ATUS. JPMorgan Chase & Co. raised its position in shares of Altice USA by 238.7% during the fourth quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock worth $15,531,000 after purchasing an additional 4,541,359 shares during the period. Barclays PLC increased its stake in Altice USA by 120.3% during the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock valued at $3,756,000 after purchasing an additional 834,030 shares in the last quarter. Geode Capital Management LLC increased its stake in Altice USA by 0.5% during 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. Swiss National Bank raised its holdings in Altice USA by 2.0% during the fourth quarter. Swiss National Bank now owns 407,700 shares of the company's stock worth $983,000 after buying an additional 8,000 shares during the last quarter. Finally, Sona Asset Management US LLC lifted its stake in shares of Altice USA by 30.0% in the fourth quarter. Sona Asset Management US LLC now owns 3,900,000 shares of the company's stock valued at $9,399,000 after buying an additional 900,000 shares in the last quarter. 54.85% of the stock is owned by institutional investors and hedge funds.

Altice USA Trading Down 0.4%

Shares of ATUS stock traded down $0.01 during trading on Friday, reaching $2.33. 3,086,088 shares of the company's stock traded hands, compared to its average volume of 3,324,669. The firm's 50-day moving average is $2.46 and its 200 day moving average is $2.57. The company has a market capitalization of $1.09 billion, a P/E ratio of -10.13 and a beta of 1.65. Altice USA, Inc. has a 1 year low of $1.52 and a 1 year high of $3.20.

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 business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. Altice USA's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS. As a group, sell-side analysts predict that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Altice USA

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.