KLP Kapitalforvaltning AS Buys Shares of 43,700 Altice USA, Inc. (NYSE:ATUS)

KLP Kapitalforvaltning AS purchased a new position in shares of Altice USA, Inc. (NYSE:ATUS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 43,700 shares of the company’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in Altice USA during the third quarter worth $27,000. Raymond James Financial Inc. purchased a new position in shares of Altice USA during the 4th quarter worth $30,000. Wolverine Trading LLC acquired a new stake in shares of Altice USA during the 3rd quarter worth about $39,000. Swiss National Bank raised its holdings in Altice USA by 2.0% in the 4th quarter. Swiss National Bank now owns 407,700 shares of the company’s stock valued at $983,000 after buying an additional 8,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Altice USA by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,316 shares of the company’s stock valued at $3,450,000 after buying an additional 85,936 shares during the last quarter. Institutional investors and hedge funds own 54.85% of the company’s stock.

Altice USA Stock Down 10.0 %

Altice USA stock opened at $2.21 on Friday. Altice USA, Inc. has a 52-week low of $1.52 and a 52-week high of $3.20. The firm has a market cap of $1.02 billion, a PE ratio of -9.59 and a beta of 1.65. The company’s 50 day moving average is $2.65 and its two-hundred day moving average is $2.58.

Altice USA (NYSE:ATUS) last released its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). On average, equities research analysts anticipate that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James raised shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price target on the stock in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Altice USA presently has an average rating of “Hold” and a consensus target price of $2.44.

Altice USA Company 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.