Assenagon Asset Management S.A. Sells 3,047 Shares of Altice USA, Inc. (NYSE:ATUS)

Assenagon Asset Management S.A. lessened its stake in Altice USA, Inc. (NYSE:ATUSGet Rating) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,355 shares of the company’s stock after selling 3,047 shares during the period. Assenagon Asset Management S.A.’s holdings in Altice USA were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ATUS. Allspring Global Investments Holdings LLC increased its holdings in Altice USA by 301.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 22,732 shares of the company’s stock valued at $132,000 after purchasing an additional 17,066 shares during the period. Wipfli Financial Advisors LLC purchased a new position in Altice USA during the 3rd quarter valued at about $27,000. Raymond James & Associates increased its holdings in Altice USA by 19.7% during the 3rd quarter. Raymond James & Associates now owns 3,527,020 shares of the company’s stock valued at $20,563,000 after purchasing an additional 579,839 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Altice USA during the 3rd quarter valued at about $68,000. Finally, Oak Thistle LLC purchased a new position in Altice USA during the 3rd quarter valued at about $220,000. Institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

ATUS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Altice USA from $9.00 to $6.00 in a report on Wednesday, November 9th. Barclays reduced their price target on Altice USA from $12.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, September 29th. Pivotal Research downgraded Altice USA from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $5.00 in a report on Thursday, November 3rd. Evercore ISI reduced their target price on Altice USA to $5.00 in a report on Friday, December 2nd. Finally, Cowen reduced their target price on Altice USA from $39.00 to $31.00 in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.98.

Altice USA Price Performance

NYSE ATUS opened at $4.84 on Tuesday. The business’s fifty day moving average price is $4.43 and its 200-day moving average price is $7.07. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 3.43, a PEG ratio of 0.46 and a beta of 1.35. Altice USA, Inc. has a 1-year low of $3.68 and a 1-year high of $16.17.

Altice USA (NYSE:ATUSGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.15). The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.45 billion. Altice USA had a net margin of 6.52% and a negative return on equity of 119.88%. Altice USA’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. Equities research analysts anticipate that Altice USA, Inc. will post 1.02 EPS for the current year.

Altice USA Company Profile

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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 approximately five million 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.

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Institutional Ownership by Quarter for Altice USA (NYSE:ATUS)

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