Altice USA, Inc. (NYSE:ATUS) Shares Bought by Creative Planning

Creative Planning grew its holdings in Altice USA, Inc. (NYSE:ATUS) by 64.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,616 shares of the company’s stock after buying an additional 22,497 shares during the quarter. Creative Planning’s holdings in Altice USA were worth $142,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in Altice USA by 45.2% in the 1st quarter. SG Americas Securities LLC now owns 58,098 shares of the company’s stock worth $152,000 after buying an additional 18,080 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Altice USA during the 1st quarter valued at approximately $46,000. State Board of Administration of Florida Retirement System purchased a new stake in Altice USA in the 1st quarter valued at about $687,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Altice USA by 13.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 460,585 shares of the company’s stock worth $1,193,000 after acquiring an additional 53,158 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new stake in shares of Altice USA in the first quarter valued at $65,000. 54.85% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $24.50, for a total value of $19,728,061.50. Following the sale, the director now owns 38,055,771 shares of the company’s stock, valued at $932,366,389.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 4,831,362 shares of company stock valued at $118,368,369. 52.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ATUS. TD Cowen cut their target price on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group cut Altice USA from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $4.00 to $2.00 in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.12.

Altice USA Stock Up 3.9 %

NYSE:ATUS opened at $2.80 on Wednesday. The company has a market capitalization of $1.29 billion, a PE ratio of -7.31, a P/E/G ratio of 51.37 and a beta of 1.52. Altice USA, Inc. has a 52-week low of $1.52 and a 52-week high of $3.66. The stock’s 50 day moving average price is $2.36 and its 200 day moving average price is $2.14.

Altice USA (NYSE:ATUS) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $0.15 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Altice USA, Inc. will post 0.01 EPS for the current fiscal 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.