UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Altice USA, Inc. (NYSE:ATUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 29.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC raised its stake in Altice USA by 120.3% in the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock worth $3,756,000 after acquiring an additional 834,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Altice USA by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,462,972 shares of the company's stock worth $3,526,000 after purchasing an additional 60,656 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Altice USA during the 4th quarter valued at about $30,000. Swiss National Bank lifted its holdings in shares of Altice USA by 2.0% in 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 during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Altice USA in the 4th quarter valued at about $105,000. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on ATUS shares. Raymond James raised Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price target for the company in a report on Tuesday, February 18th. The Goldman Sachs Group raised their target price on Altice USA from $2.00 to $2.25 and gave the company a "sell" rating in a research report on Friday, May 9th. Finally, Barclays upped their price target 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $2.75.

Altice USA Stock Down 2.3%

Shares of Altice USA stock traded down $0.05 during mid-day trading on Thursday, reaching $2.16. 1,734,602 shares of the stock traded hands, compared to its average volume of 3,335,987. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The business has a 50-day moving average of $2.39 and a 200 day moving average of $2.55. The stock has a market capitalization of $1.01 billion, a PE ratio of -9.39 and a beta of 1.61.

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

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.