Nomura Holdings Inc. Has $30.10 Million Holdings in Altice USA, Inc. (NYSE:ATUS)

Nomura Holdings Inc. grew its holdings in shares of Altice USA, Inc. (NYSE:ATUS) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,489,861 shares of the company’s stock after acquiring an additional 1,489,300 shares during the quarter. Nomura Holdings Inc.’s holdings in Altice USA were worth $30,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LPL Financial LLC bought a new stake in shares of Altice USA during the 4th quarter worth approximately $25,000. Raymond James Financial Inc. bought a new stake in shares of Altice USA during the 4th quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Altice USA during the 4th quarter worth approximately $43,000. Nuveen Asset Management LLC bought a new stake in shares of Altice USA during the 4th quarter worth approximately $60,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Altice USA in the 4th quarter valued at approximately $103,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Altice USA Stock Performance

Shares of NYSE ATUS opened at $2.74 on Wednesday. Altice USA, Inc. has a 52-week low of $1.52 and a 52-week high of $3.20. The firm has a 50 day moving average price of $2.49 and a two-hundred day moving average price of $2.59. The stock has a market cap of $1.27 billion, a P/E ratio of -11.91 and a beta of 1.65.

Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business posted ($0.05) EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts predict that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATUS has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Altice USA from $2.00 to $2.25 and gave the company a “sell” rating in a research note on Friday, May 9th. Barclays increased their price objective on shares of Altice USA from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Finally, Raymond James raised 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 note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.75.

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.