Quadrature Capital Ltd Makes New $47,000 Investment in Altice USA, Inc. (NYSE:ATUS)

Quadrature Capital Ltd purchased a new position in shares of Altice USA, Inc. (NYSE:ATUS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,484 shares of the company’s stock, valued at approximately $47,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC increased its stake in Altice USA by 6.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 6,850,472 shares of the company’s stock worth $22,264,000 after acquiring an additional 396,275 shares during the last quarter. Hudson Bay Capital Management LP increased its stake 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 acquiring an additional 823,530 shares during the last quarter. FMR LLC increased its stake in Altice USA by 0.6% during the third quarter. FMR LLC now owns 4,767,457 shares of the company’s stock worth $15,590,000 after acquiring an additional 29,995 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Altice USA by 79.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,884,841 shares of the company’s stock worth $12,626,000 after acquiring an additional 1,724,851 shares during the last quarter. Finally, Apollo Management Holdings L.P. increased its stake in Altice USA by 1.8% during the fourth quarter. Apollo Management Holdings L.P. now owns 2,181,533 shares of the company’s stock worth $7,090,000 after acquiring an additional 38,398 shares during the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Down 0.5 %

NYSE:ATUS opened at $2.05 on Friday. Altice USA, Inc. has a 52 week low of $1.75 and a 52 week high of $3.82. The company has a market cap of $942.92 million, a PE ratio of 205.00, a P/E/G ratio of 0.65 and a beta of 1.50. The business’s 50 day moving average is $2.20 and its two-hundred day moving average is $2.39.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a net margin of 0.07%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, sell-side analysts expect that Altice USA, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ATUS shares. Bank of America started coverage on Altice USA in a research note on Wednesday, April 24th. They issued an “underperform” rating and a $1.50 target price for the company. BNP Paribas cut shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 target price on the stock. in a research report on Tuesday, April 9th. Wells Fargo & Company lowered shares of Altice USA from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $2.00 to $1.00 in a report on Friday, April 5th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Altice USA in a report on Thursday, April 11th. Finally, Loop Capital lowered their target price on Altice USA from $3.00 to $2.00 and set a “hold” rating for the company 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 issued a buy rating to the company’s stock. According to MarketBeat, Altice USA has an average rating of “Hold” and a consensus target price of $2.41.

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.