Swiss National Bank Boosts Stock Holdings in Altice USA, Inc. (NYSE:ATUS)

Swiss National Bank boosted its position in Altice USA, Inc. (NYSE:ATUS) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 407,700 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. Swiss National Bank owned 0.09% of Altice USA worth $983,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wolverine Trading LLC purchased a new stake in shares of Altice USA in the 3rd quarter valued at about $39,000. Point72 Asset Management L.P. raised its stake in shares of Altice USA by 487.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 880,985 shares of the company’s stock worth $2,167,000 after buying an additional 730,985 shares in the last quarter. Barclays PLC lifted its holdings in Altice USA by 120.3% in the third quarter. Barclays PLC now owns 1,527,424 shares of the company’s stock valued at $3,756,000 after acquiring an additional 834,030 shares during the period. Paloma Partners Management Co lifted its stake in shares of Altice USA by 172.6% in the third quarter. Paloma Partners Management Co now owns 2,210,941 shares of the company’s stock valued at $5,439,000 after purchasing an additional 1,400,000 shares during the period. Finally, State Street Corp lifted its position in shares of Altice USA by 2.8% during the 3rd quarter. State Street Corp now owns 1,534,608 shares of the company’s stock valued at $3,775,000 after acquiring an additional 41,868 shares during the period. 54.85% of the stock is owned by hedge funds and other institutional investors.

Altice USA Trading Down 1.2 %

Shares of ATUS stock opened at $2.78 on Friday. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.20. The company has a market cap of $1.29 billion, a PE ratio of -12.06 and a beta of 1.58. The company’s fifty day simple moving average is $2.74 and its 200-day simple moving average is $2.57.

Altice USA (NYSE:ATUS) last issued its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). Equities research analysts expect that Altice USA, Inc. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Raymond James upgraded Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective on the stock in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.15.

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.