Altice USA (NYSE:ATUS) Given New $2.00 Price Target at Loop Capital

Altice USA (NYSE:ATUS - Free Report) had its price objective lowered by Loop Capital from $3.00 to $2.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

ATUS has been the subject of several other research reports. Benchmark reaffirmed a buy rating and set a $5.00 price target on shares of Altice USA in a research note on Wednesday, March 20th. Wells Fargo & Company downgraded shares of Altice USA from an equal weight rating to an underweight rating and lowered their target price for the stock from $2.00 to $1.00 in a research note on Friday, April 5th. Evercore ISI reissued an in-line rating and set a $3.00 target price on shares of Altice USA in a research note on Tuesday, March 26th. JPMorgan Chase & Co. reissued an underweight rating on shares of Altice USA in a research note on Thursday, April 11th. Finally, BNP Paribas downgraded shares of Altice USA from a neutral rating to an underperform rating and set a $1.00 target price for the company. in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Altice USA currently has an average rating of Hold and an average target price of $2.80.

Altice USA Stock Down 0.5 %

Shares of ATUS stock traded down $0.01 during trading hours on Tuesday, hitting $1.91. 1,241,250 shares of the company's stock traded hands, compared to its average volume of 4,066,466. The stock's 50 day simple moving average is $2.42 and its 200 day simple moving average is $2.51. The stock has a market cap of $871.19 million, a PE ratio of 15.92 and a beta of 1.35. Altice USA has a 12 month low of $1.75 and a 12 month high of $3.82.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.33). The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.29 billion. Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. Altice USA's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.43) EPS. As a group, equities research analysts expect that Altice USA will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ATUS. Assenagon Asset Management S.A. grew its holdings in shares of Altice USA by 79.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,884,841 shares of the company's stock valued at $12,626,000 after buying an additional 1,724,851 shares during the last quarter. CastleKnight Management LP boosted its holdings in Altice USA by 676.6% during the fourth quarter. CastleKnight Management LP now owns 1,459,685 shares of the company's stock worth $4,744,000 after purchasing an additional 1,271,734 shares during the last quarter. Hudson Bay Capital Management LP boosted its holdings in Altice USA by 18.5% during the third quarter. Hudson Bay Capital Management LP now owns 5,272,274 shares of the company's stock worth $17,240,000 after purchasing an additional 823,530 shares during the last quarter. LB Partners LLC purchased a new position in Altice USA during the fourth quarter worth about $1,636,000. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in Altice USA by 6.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 6,850,472 shares of the company's stock worth $22,264,000 after purchasing an additional 396,275 shares during the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

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.