Altice USA, Inc. (NYSE:ATUS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Altice USA, Inc. (NYSE:ATUSGet Rating) by 21.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,415,889 shares of the company’s stock after purchasing an additional 423,778 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.53% of Altice USA worth $14,084,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Clarkston Capital Partners LLC boosted its holdings in Altice USA by 13.8% in the second quarter. Clarkston Capital Partners LLC now owns 31,366,022 shares of the company’s stock valued at $290,136,000 after purchasing an additional 3,811,456 shares during the last quarter. Vanguard Group Inc. increased its position in Altice USA by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 22,253,606 shares of the company’s stock valued at $277,725,000 after acquiring an additional 2,324,303 shares during the period. BlackRock Inc. boosted its stake in Altice USA by 1.6% during the 1st quarter. BlackRock Inc. now owns 16,302,827 shares of the company’s stock valued at $203,460,000 after purchasing an additional 263,465 shares in the last quarter. TPG GP A LLC boosted its stake in Altice USA by 2.8% during the 2nd quarter. TPG GP A LLC now owns 8,282,378 shares of the company’s stock valued at $76,612,000 after purchasing an additional 227,960 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Altice USA by 81.1% during the 3rd quarter. National Bank of Canada FI now owns 4,246,026 shares of the company’s stock worth $24,754,000 after acquiring an additional 1,901,199 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Up 1.5 %

Shares of NYSE ATUS opened at $4.04 on Thursday. Altice USA, Inc. has a 52 week low of $3.57 and a 52 week high of $13.17. The business has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $5.63. The company has a market cap of $1.84 billion, a P/E ratio of 9.62, a P/E/G ratio of 1.08 and a beta of 1.37.

Altice USA (NYSE:ATUSGet Rating) last released its earnings results on Wednesday, February 22nd. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.65). Altice USA had a net margin of 2.02% and a negative return on equity of 51.00%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business posted $0.56 EPS. Altice USA’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts anticipate that Altice USA, Inc. will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

ATUS has been the topic of a number of research reports. Bank of America assumed coverage on Altice USA in a report on Thursday, December 8th. They issued an “underperform” rating and a $3.50 target price on the stock. The Goldman Sachs Group lowered Altice USA from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $5.00 in a research note on Tuesday, January 10th. Morgan Stanley dropped their price objective on Altice USA from $6.00 to $4.00 and set an “equal weight” rating for the company in a research note on Friday, February 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Altice USA from $9.00 to $6.00 in a research report on Wednesday, November 9th. Finally, Barclays reduced their target price on shares of Altice USA from $4.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Altice USA presently has a consensus rating of “Hold” and a consensus price target of $8.96.

Altice USA Profile

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Altice USA, Inc engages in the provision of broadband, pay television, telephony services, proprietary content, and advertising services. Its brands include Optimum, Suddenlink, Optimum Mobile, Altice Business, News 12 Networks, Cheddar News, a4 Advertising, and i24 News. The company was founded by Patrick Drahi in 2001 and is headquartered in Long Island City, NY.

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

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