Arrowstreet Capital Limited Partnership Takes $103,000 Position in Altice USA, Inc. (NYSE:ATUS)

Arrowstreet Capital Limited Partnership bought a new position in shares of Altice USA, Inc. (NYSE:ATUS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,726 shares of the company’s stock, valued at approximately $103,000.

Other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC acquired a new stake in Altice USA in the 4th quarter valued at about $25,000. Raymond James Financial Inc. purchased a new position in shares of Altice USA during the 4th quarter worth approximately $30,000. Wolverine Trading LLC acquired a new position in shares of Altice USA during the 3rd quarter worth approximately $39,000. KLP Kapitalforvaltning AS purchased a new stake in Altice USA in the 4th quarter valued at approximately $105,000. Finally, Swiss National Bank grew its holdings in Altice USA by 2.0% during 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 last quarter. 54.85% of the stock is owned by hedge funds and other institutional investors.

Altice USA Stock Performance

Shares of ATUS opened at $2.47 on Tuesday. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The company has a market capitalization of $1.14 billion, a PE ratio of -10.74 and a beta of 1.65. The stock has a fifty day moving average of $2.63 and a two-hundred day moving average of $2.58.

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

Analyst Upgrades and Downgrades

Separately, Raymond James raised Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price target for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.44.

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.