Paloma Partners Management Co Increases Holdings in Altice USA, Inc. (NYSE:ATUS)

Paloma Partners Management Co grew its position in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,647,941 shares of the company's stock after purchasing an additional 437,000 shares during the quarter. Paloma Partners Management Co owned approximately 0.57% of Altice USA worth $6,382,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Northern Trust Corp increased its position in shares of Altice USA by 15.2% in the fourth quarter. Northern Trust Corp now owns 703,178 shares of the company's stock valued at $1,695,000 after acquiring an additional 92,521 shares during the period. Tudor Investment Corp ET AL grew 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 buying an additional 1,950,437 shares during the last quarter. Aquatic Capital Management LLC increased its stake in shares of Altice USA by 2,245.0% during the fourth quarter. Aquatic Capital Management LLC now owns 128,973 shares of the company's stock valued at $311,000 after buying an additional 123,473 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Altice USA in the fourth quarter worth $2,057,000. Finally, Bracebridge Capital LLC lifted its position in shares of Altice USA by 35.5% in the 4th quarter. Bracebridge Capital LLC now owns 8,854,977 shares of the company's stock worth $21,340,000 after purchasing an additional 2,322,337 shares during the period. Institutional investors own 54.85% of the company's stock.

Analyst Ratings Changes

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

Altice USA Trading Down 2.0 %

NYSE:ATUS traded down $0.05 on Friday, reaching $2.46. 2,732,687 shares of the stock traded hands, compared to its average volume of 3,195,935. The company's fifty day simple moving average is $2.50 and its 200 day simple moving average is $2.57. The company has a market capitalization of $1.14 billion, a price-to-earnings 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 announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). Equities analysts anticipate 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.