Thompson Siegel & Walmsley LLC Boosts Stock Holdings in Altice USA, Inc. (NYSE:ATUS)

Thompson Siegel & Walmsley LLC increased its holdings in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,850,472 shares of the company's stock after purchasing an additional 396,275 shares during the period. Thompson Siegel & Walmsley LLC owned 1.51% of Altice USA worth $22,264,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hudson Bay Capital Management LP grew 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 period. FMR LLC boosted its holdings in shares of Altice USA by 0.6% during the third quarter. FMR LLC now owns 4,767,457 shares of the company's stock worth $15,590,000 after acquiring an additional 29,995 shares during the period. Assenagon Asset Management S.A. boosted 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 worth $12,626,000 after acquiring an additional 1,724,851 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Altice USA by 6.0% during the third quarter. Federated Hermes Inc. now owns 2,877,879 shares of the company's stock worth $9,411,000 after acquiring an additional 162,545 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Altice USA by 9.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,237,614 shares of the company's stock worth $4,047,000 after acquiring an additional 109,370 shares during the period. Institutional investors own 54.85% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ATUS shares. UBS Group reduced their price objective on Altice USA from $6.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, February 15th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Altice USA in a report on Thursday, April 11th. Evercore ISI restated an "in-line" rating and set a $3.00 price objective on shares of Altice USA in a report on Tuesday, March 26th. Benchmark restated a "buy" rating and set a $5.00 price objective on shares of Altice USA in a report on Wednesday, March 20th. Finally, BNP Paribas downgraded shares of Altice USA from a "neutral" rating to an "underperform" rating and set a $1.00 price target for the company. in a research report on Tuesday, April 9th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Altice USA presently has an average rating of "Hold" and a consensus price target of $2.41.

Altice USA Price Performance

ATUS traded up $0.06 during trading on Friday, hitting $2.16. 2,759,072 shares of the stock traded hands, compared to its average volume of 2,570,234. Altice USA, Inc. has a twelve month low of $1.75 and a twelve month high of $3.82. The company has a market cap of $993.51 million, a price-to-earnings ratio of 216.00, a PEG ratio of 0.61 and a beta of 1.38. The business has a 50 day moving average price of $2.34 and a 200 day moving average price of $2.43.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Altice USA had a net margin of 0.07% and a negative return on equity of 1.54%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts predict that Altice USA, Inc. will post 0.19 earnings per share for the current 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.