Nomura Holdings Inc. Acquires 1,489,300 Shares of Altice USA, Inc. (NYSE:ATUS)

Nomura Holdings Inc. increased its position in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,489,861 shares of the company's stock after purchasing an additional 1,489,300 shares during the quarter. Nomura Holdings Inc. owned approximately 2.71% of Altice USA worth $30,101,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC bought a new stake in Altice USA during the fourth quarter valued at $25,000. Raymond James Financial Inc. bought a new stake in Altice USA during the 4th quarter valued at $30,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Altice USA during the fourth quarter worth about $43,000. Nuveen Asset Management LLC purchased a new position in Altice USA during the 4th quarter valued at about $60,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Altice USA during the 4th quarter valued at approximately $103,000. 54.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Altice USA Price Performance

NYSE:ATUS traded down $0.08 during mid-day trading on Monday, hitting $2.35. 995,656 shares of the company's stock were exchanged, compared to its average volume of 3,303,135. The business has a fifty day moving average price of $2.51 and a 200 day moving average price of $2.59. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.20. The company has a market cap of $1.09 billion, a PE ratio of -10.11 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. The firm's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. On average, equities analysts forecast 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.