Victory Capital Management Inc. Has $101,000 Stock Holdings in Altice USA, Inc. (NYSE:ATUS)

Victory Capital Management Inc. boosted its position in shares of Altice USA, Inc. (NYSE:ATUSFree Report) by 38.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,185 shares of the company’s stock after buying an additional 8,600 shares during the quarter. Victory Capital Management Inc.’s holdings in Altice USA were worth $101,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sherbrooke Park Advisers LLC acquired a new position in Altice USA during the 3rd quarter worth $37,000. Aigen Investment Management LP bought a new stake in shares of Altice USA during the 3rd quarter valued at $72,000. Aristeia Capital LLC bought a new stake in shares of Altice USA during the 3rd quarter valued at $95,000. J.P. Morgan Private Wealth Advisors LLC raised its position in shares of Altice USA by 8.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 60,000 shares of the company’s stock valued at $196,000 after acquiring an additional 4,872 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Altice USA during the 4th quarter valued at $197,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ATUS shares. Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Altice USA in a research report on Wednesday, March 20th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Altice USA in a research report on Thursday, April 11th. Evercore ISI restated an “in-line” rating and issued a $3.00 price objective on shares of Altice USA in a research report on Tuesday, March 26th. BNP Paribas cut shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price objective for the company. in a research report on Tuesday, April 9th. Finally, UBS Group lowered their price objective on shares of Altice USA from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.41.

Read Our Latest Stock Report on ATUS

Altice USA Price Performance

ATUS stock opened at $2.43 on Wednesday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 243.00, a P/E/G ratio of 0.69 and a beta of 1.38. Altice USA, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $3.82. The business has a 50-day moving average of $2.24 and a 200-day moving average of $2.39.

Altice USA (NYSE:ATUSGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Altice USA had a net margin of 0.07% and a negative return on equity of 1.54%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business posted $0.06 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts expect that Altice USA, Inc. will post 0.18 EPS for the current year.

About Altice USA

(Free Report)

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.

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

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