nVerses Capital LLC Invests $74,000 in Altice USA, Inc. (NYSE:ATUS)

nVerses Capital LLC acquired a new stake in shares of Altice USA, Inc. (NYSE:ATUS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,000 shares of the company’s stock, valued at approximately $74,000.

A number of other large investors have also added to or reduced their stakes in ATUS. Quadrature Capital Ltd bought a new position in shares of Altice USA during the fourth quarter valued at $47,000. SG Americas Securities LLC increased its stake in Altice USA by 45.2% during the 1st quarter. SG Americas Securities LLC now owns 58,098 shares of the company’s stock valued at $152,000 after purchasing an additional 18,080 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Altice USA in the first quarter worth about $1,914,000. Headlands Technologies LLC bought a new position in shares of Altice USA in the first quarter worth approximately $46,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Altice USA during the first quarter valued at approximately $687,000. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Altice USA Stock Performance

ATUS stock opened at $2.28 on Tuesday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 228.00, a P/E/G ratio of 3.27 and a beta of 1.53. The business’s 50-day moving average is $2.13 and its two-hundred day moving average is $2.10. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.66.

Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Altice USA had a negative return on equity of 1.54% and a negative net margin of 0.62%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the business posted $0.17 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts predict that Altice USA, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATUS. Evercore ISI decreased their price objective on shares of Altice USA from $3.00 to $2.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. UBS Group downgraded Altice USA from a “buy” rating to a “neutral” rating and lowered their price target for the company from $4.00 to $2.00 in a report on Friday, August 2nd. Finally, The Goldman Sachs Group started coverage on Altice USA in a research report on Monday, July 1st. They set a “sell” rating and a $2.00 price objective on the stock. Six analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1.97.

About Altice USA

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.