Marshall Wace LLP Sells 191,990 Shares of Altice USA, Inc. (NYSE:ATUS)

Marshall Wace LLP decreased its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 64.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,400 shares of the company's stock after selling 191,990 shares during the period. Marshall Wace LLP's holdings in Altice USA were worth $252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Altice USA by 238.7% in the fourth quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock worth $15,531,000 after acquiring an additional 4,541,359 shares during the period. Barclays PLC boosted its position in Altice USA by 120.3% in the third quarter. Barclays PLC now owns 1,527,424 shares of the company's stock worth $3,756,000 after purchasing an additional 834,030 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 during the period. Swiss National Bank increased its position in shares of Altice USA by 2.0% during the 4th quarter. Swiss National Bank now owns 407,700 shares of the company's stock valued at $983,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Altice USA in the 4th quarter worth approximately $103,000. 54.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Altice USA Trading Up 1.8 %

NYSE ATUS opened at $2.52 on Tuesday. Altice USA, Inc. has a 12 month low of $1.52 and a 12 month high of $3.20. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -10.93 and a beta of 1.65. The company's 50 day moving average is $2.49 and its two-hundred day moving average is $2.58.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). Sell-side analysts forecast that Altice USA, Inc. will post -0.24 EPS for the current year.

Altice USA 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.

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