UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 145,046 Shares of Altice USA, Inc. (NYSE:ATUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 29.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 636,672 shares of the company's stock after purchasing an additional 145,046 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Altice USA worth $1,534,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. LPL Financial LLC purchased a new position in shares of Altice USA during the 4th quarter worth $25,000. Raymond James Financial Inc. acquired a new position in shares of Altice USA during the fourth quarter worth about $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Altice USA in the fourth quarter valued at about $43,000. State of Wyoming acquired a new position in shares of Altice USA during the fourth quarter worth $57,000. Finally, Nuveen Asset Management LLC purchased a new stake in Altice USA during the 4th quarter worth $60,000. Hedge funds and other institutional investors own 54.85% of the company's stock.

Altice USA Stock Performance

Shares of ATUS traded down $0.09 during trading hours on Monday, hitting $2.16. 2,555,609 shares of the company were exchanged, compared to its average volume of 3,328,869. The company has a market cap of $1.01 billion, a PE ratio of -9.39 and a beta of 1.61. The firm's 50 day moving average is $2.41 and its 200-day moving average is $2.56. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the company posted ($0.05) EPS. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

ATUS has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. The Goldman Sachs Group boosted their target price 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. Finally, Raymond James upgraded 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 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $2.75.

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.