Cerity Partners LLC Makes New $197,000 Investment in Altice USA, Inc. (NYSE:ATUS)

Cerity Partners LLC purchased a new stake in shares of Altice USA, Inc. (NYSE:ATUS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 60,509 shares of the company’s stock, valued at approximately $197,000.

Several other hedge funds have also made changes to their positions in ATUS. Sherbrooke Park Advisers LLC purchased a new position in Altice USA during the 3rd quarter worth approximately $37,000. Aigen Investment Management LP acquired a new stake in shares of Altice USA in the third quarter worth $72,000. Aristeia Capital LLC purchased a new position in shares of Altice USA during the third quarter valued at $95,000. SG Americas Securities LLC raised its position in Altice USA by 81.9% during the third quarter. SG Americas Securities LLC now owns 41,793 shares of the company’s stock valued at $137,000 after buying an additional 18,815 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its stake in Altice USA by 8.8% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 60,000 shares of the company’s stock worth $196,000 after acquiring an additional 4,872 shares in the last quarter. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Altice USA Price Performance

Altice USA stock opened at $2.13 on Tuesday. Altice USA, Inc. has a one year low of $1.75 and a one year high of $3.82. The company’s fifty day moving average price is $2.42 and its two-hundred day moving average price is $2.48. The company has a market capitalization of $971.53 million, a price-to-earnings ratio of 17.75 and a beta of 1.35.

Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the company posted ($0.43) EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Altice USA, Inc. will post 0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATUS has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Altice USA in a research note on Thursday, April 11th. UBS Group lowered their price objective on shares of Altice USA from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. BNP Paribas downgraded shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 target price for the company. in a research report on Tuesday, April 9th. Evercore ISI restated an “in-line” rating and set a $3.00 price target on shares of Altice USA in a report on Tuesday, March 26th. Finally, Loop Capital cut their price objective on Altice USA from $3.00 to $2.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.68.

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.