Altice USA, Inc. (NYSE:ATUS) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. grew its stake in Altice USA, Inc. (NYSE:ATUS) by 343.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 306,009 shares of the company’s stock after purchasing an additional 236,933 shares during the period. Nomura Holdings Inc. owned approximately 0.07% of Altice USA worth $995,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Thompson Siegel & Walmsley LLC increased its stake in Altice USA by 6.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 6,850,472 shares of the company’s stock valued at $22,264,000 after buying an additional 396,275 shares during the period. Hudson Bay Capital Management LP raised 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 in the last quarter. FMR LLC lifted its position in Altice USA by 0.6% in the third quarter. FMR LLC now owns 4,767,457 shares of the company’s stock valued at $15,590,000 after purchasing an additional 29,995 shares during the period. Assenagon Asset Management S.A. increased its position in Altice USA by 79.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,884,841 shares of the company’s stock worth $12,626,000 after purchasing an additional 1,724,851 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Altice USA by 6.0% during the 3rd quarter. Federated Hermes Inc. now owns 2,877,879 shares of the company’s stock worth $9,411,000 after buying an additional 162,545 shares in the last quarter. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Evercore ISI restated an “in-line” rating and issued a $3.00 price target on shares of Altice USA in a research note on Tuesday, March 26th. 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 report on Tuesday, April 9th. Wells Fargo & Company downgraded shares of Altice USA from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $2.00 to $1.00 in a report on Friday, April 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Altice USA in a report on Thursday, April 11th. Finally, Loop Capital decreased their price target on Altice USA from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Altice USA presently has an average rating of “Hold” and an average target price of $2.41.

Altice USA Stock Performance

ATUS stock opened at $2.07 on Friday. The stock’s 50 day moving average price is $2.19 and its 200 day moving average price is $2.40. The firm has a market cap of $952.12 million, a P/E ratio of 207.00, a PEG ratio of 0.62 and a beta of 1.50. Altice USA, Inc. has a 1 year low of $1.75 and a 1 year high of $3.82.

Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Altice USA had a net margin of 0.07% and a negative return on equity of 1.54%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, research analysts predict that Altice USA, Inc. will post 0.18 earnings per share for the current year.

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.