Altice USA, Inc. (NYSE:ATUS) Shares Bought by Paloma Partners Management Co

Paloma Partners Management Co grew its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.57% of Altice USA worth $6,382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC acquired a new stake in Altice USA during the fourth quarter worth $25,000. Raymond James Financial Inc. purchased a new stake in Altice USA in the 4th quarter valued at about $30,000. Dynamic Technology Lab Private Ltd purchased a new stake in Altice USA in the 4th quarter valued at about $43,000. Arrowstreet Capital Limited Partnership acquired a new position in Altice USA in the fourth quarter valued at about $103,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Altice USA during the fourth quarter worth about $105,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Price Performance

Shares of ATUS stock traded up $0.05 during trading on Thursday, reaching $2.53. The company's stock had a trading volume of 1,889,579 shares, compared to its average volume of 3,224,470. Altice USA, Inc. has a 1-year low of $1.52 and a 1-year high of $3.20. The stock's 50-day moving average price is $2.51 and its 200 day moving average price is $2.57. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -11.00 and a beta of 1.65.

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

Wall Street Analysts Forecast Growth

Separately, Raymond James raised shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective for the company in a research 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 assigned a buy rating to the stock. According to data from MarketBeat, Altice USA presently has an average rating of "Hold" and a consensus target price of $2.67.

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.