Tudor Investment Corp ET AL raised its position in Altice USA, Inc. (NYSE:ATUS - Free Report) by 331.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,539,489 shares of the company's stock after acquiring an additional 1,950,437 shares during the period. Tudor Investment Corp ET AL owned about 0.55% of Altice USA worth $6,120,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. LPL Financial LLC bought a new position in shares of Altice USA during the fourth quarter valued at $25,000. Raymond James Financial Inc. acquired a new position in shares of Altice USA in the 4th quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd bought a new stake in Altice USA during the 4th quarter worth approximately $43,000. Arrowstreet Capital Limited Partnership acquired a new stake in Altice USA during the 4th quarter valued at $103,000. Finally, KLP Kapitalforvaltning AS bought a new position in Altice USA in the 4th quarter valued at $105,000. Institutional investors and hedge funds own 54.85% of the company's stock.
Altice USA Stock Performance
NYSE:ATUS traded up $0.08 on Monday, hitting $2.55. 2,777,913 shares of the stock were exchanged, compared to its average volume of 3,189,121. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -11.06 and a beta of 1.65. The company's 50-day moving average price is $2.50 and its 200 day moving average price is $2.57. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.20.
Altice USA (NYSE:ATUS - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). As a group, equities research analysts predict that Altice USA, Inc. will post -0.24 earnings per share for the current year.
Wall Street Analyst Weigh In
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 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $2.67.
Read Our Latest Report on Altice USA
Altice USA Company Profile
(
Free Report)
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.
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