Foursixthree Capital LP Makes New Investment in Altice USA, Inc. (NYSE:ATUS)

Foursixthree Capital LP bought a new position in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 976,314 shares of the company's stock, valued at approximately $2,353,000. Altice USA comprises approximately 0.8% of Foursixthree Capital LP's investment portfolio, making the stock its 11th largest holding. Foursixthree Capital LP owned 0.21% of Altice USA at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Apollo Management Holdings L.P. boosted its stake in shares of Altice USA by 21.9% in 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 last quarter. Paloma Partners Management Co boosted its position in Altice USA by 19.8% during the fourth quarter. Paloma Partners Management Co now owns 2,647,941 shares of the company's stock valued at $6,382,000 after acquiring an additional 437,000 shares during the last quarter. Northern Trust Corp grew its holdings in Altice USA by 15.2% during the 4th quarter. Northern Trust Corp now owns 703,178 shares of the company's stock worth $1,695,000 after acquiring an additional 92,521 shares during the period. Tudor Investment Corp ET AL raised its position in shares of Altice USA by 331.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 2,539,489 shares of the company's stock worth $6,120,000 after acquiring an additional 1,950,437 shares in the last quarter. Finally, Aquatic Capital Management LLC lifted its stake in shares of Altice USA by 2,245.0% in the 4th quarter. Aquatic Capital Management LLC now owns 128,973 shares of the company's stock valued at $311,000 after purchasing an additional 123,473 shares during the period. 54.85% of the stock is owned by institutional investors and hedge funds.

Altice USA Trading Down 2.0 %

Altice USA stock traded down $0.05 during midday trading on Friday, reaching $2.46. The stock had a trading volume of 2,732,687 shares, compared to its average volume of 3,195,935. The company has a fifty day moving average price of $2.50 and a two-hundred day moving average price of $2.57. The company has a market capitalization of $1.14 billion, a P/E ratio of -10.70 and a beta of 1.65. Altice USA, Inc. has a 12 month low of $1.52 and a 12 month high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). On average, equities research analysts predict that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James raised Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 target price for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Altice USA presently has an average rating of "Hold" and a consensus target price of $2.67.

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.