UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.53 Million Position in Altice USA, Inc. (NYSE:ATUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 29.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 636,672 shares of the company’s stock after purchasing an additional 145,046 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Altice USA worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. 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 worth $983,000 after acquiring an additional 8,000 shares during the last quarter. LPL Financial LLC acquired a new position in Altice USA during the 4th quarter worth about $25,000. Raymond James Financial Inc. acquired a new position in Altice USA during the 4th quarter worth about $30,000. Geode Capital Management LLC grew its position in shares of Altice USA by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,695,716 shares of the company’s stock valued at $6,500,000 after buying an additional 12,959 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Altice USA in the fourth quarter valued at about $43,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ATUS. The Goldman Sachs Group lifted their price objective on Altice USA from $2.00 to $2.25 and gave the stock a “sell” rating in a research note on Friday, May 9th. Barclays boosted their price target on shares of Altice USA from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Finally, Raymond James upgraded shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.75.

Altice USA Trading Up 5.6%

Altice USA stock opened at $2.26 on Monday. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -9.83 and a beta of 1.61. The firm’s fifty day moving average price is $2.41 and its two-hundred day moving average price is $2.56. Altice USA, Inc. has a 1-year low of $1.52 and a 1-year high of $3.20.

Altice USA (NYSE:ATUS) last posted its earnings results on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. On average, research analysts forecast that Altice USA, Inc. will post -0.24 EPS for the current year.

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.