Susquehanna Fundamental Investments LLC Invests $2.06 Million in Altice USA, Inc. (NYSE:ATUS)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 853,608 shares of the company's stock, valued at approximately $2,057,000. Susquehanna Fundamental Investments LLC owned 0.18% of Altice USA at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in Altice USA by 120.3% during the third quarter. Barclays PLC now owns 1,527,424 shares of the company's stock valued at $3,756,000 after purchasing an additional 834,030 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Altice USA by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,682,757 shares of the company's stock worth $6,602,000 after purchasing an additional 191,508 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Altice USA by 1,617.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,902,834 shares of the company's stock valued at $4,681,000 after purchasing an additional 1,792,054 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Altice USA by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,462,972 shares of the company's stock valued at $3,526,000 after buying an additional 60,656 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Altice USA during the 4th quarter worth approximately $30,000. 54.85% of the stock is owned by institutional investors and hedge funds.

Altice USA Stock Performance

NYSE:ATUS traded down $0.01 during mid-day trading on Tuesday, reaching $2.53. 284,819 shares of the company's stock were exchanged, compared to its average volume of 3,184,832. The business's fifty day simple moving average is $2.49 and its two-hundred day simple moving average is $2.58. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.20. The firm has a market capitalization of $1.17 billion, a PE ratio of -10.98 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). As a group, equities research analysts forecast that Altice USA, Inc. will post -0.24 EPS for the current year.

Analysts Set New Price Targets

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