Northwestern Mutual Wealth Management Co. Has $127,000 Holdings in Altice USA, Inc. (NYSE:ATUS)

Northwestern Mutual Wealth Management Co. increased its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 80.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,285 shares of the company’s stock after buying an additional 27,725 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Altice USA were worth $127,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ATUS. Vanguard Personalized Indexing Management LLC bought a new stake in Altice USA during the second quarter worth about $25,000. Headlands Technologies LLC bought a new stake in Altice USA during the 1st quarter worth approximately $46,000. Quadrature Capital Ltd acquired a new stake in Altice USA during the 4th quarter valued at $47,000. Alpine Global Management LLC bought a new position in Altice USA in the 1st quarter valued at $65,000. Finally, Swedbank AB acquired a new position in Altice USA in the first quarter worth $66,000. 54.85% of the stock is currently owned by institutional investors.

Altice USA Trading Down 2.4 %

Shares of NYSE ATUS opened at $2.45 on Friday. Altice USA, Inc. has a 1 year low of $1.52 and a 1 year high of $3.66. The firm’s 50-day moving average is $2.03 and its 200-day moving average is $2.11. The firm has a market capitalization of $1.13 billion, a PE ratio of -18.85, a price-to-earnings-growth ratio of 3.27 and a beta of 1.53.

Altice USA (NYSE:ATUS) last released its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.25 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 0.62%. Altice USA’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. As a group, equities research analysts anticipate that Altice USA, Inc. will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATUS has been the subject of a number of research analyst reports. The Goldman Sachs Group assumed coverage on Altice USA in a report on Monday, July 1st. They issued a “sell” rating and a $2.00 price target for the company. UBS Group downgraded shares of Altice USA from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $4.00 to $2.00 in a research note on Friday, August 2nd. Finally, Evercore ISI decreased their price target on shares of Altice USA from $3.00 to $2.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Altice USA has a consensus rating of “Hold” and a consensus price target of $1.97.

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.