Altice USA (NYSE:ATUS) Stock Price Up 5.8%

Shares of Altice USA, Inc. (NYSE:ATUSGet Rating) rose 5.8% during trading on Tuesday . The stock traded as high as $4.40 and last traded at $4.40. Approximately 188,005 shares were traded during trading, a decline of 97% from the average daily volume of 6,460,259 shares. The stock had previously closed at $4.16.

Wall Street Analysts Forecast Growth

ATUS has been the topic of several analyst reports. Barclays lowered their price target on Altice USA from $12.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, September 29th. The Goldman Sachs Group lowered their price objective on shares of Altice USA from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Cowen lowered their price objective on shares of Altice USA from $39.00 to $31.00 in a research note on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Altice USA from $9.00 to $6.00 in a research note on Wednesday, November 9th. Finally, Cowen lowered their price objective on shares of Altice USA from $39.00 to $31.00 in a research note on Thursday, November 3rd. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Altice USA has an average rating of “Hold” and a consensus price target of $11.95.

Altice USA Stock Up 6.3 %

The company has a market capitalization of $2.14 billion, a P/E ratio of 3.33, a PEG ratio of 0.24 and a beta of 1.47. The stock has a fifty day simple moving average of $5.91 and a 200-day simple moving average of $8.60.

Altice USA (NYSE:ATUSGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.45 billion. Altice USA had a net margin of 6.52% and a negative return on equity of 119.88%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 earnings per share. Analysts predict that Altice USA, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Activity at Altice USA

In related news, Director Charles Stewart sold 31,560 shares of Altice USA stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $9.99, for a total value of $315,284.40. Following the completion of the transaction, the director now directly owns 1,323,925 shares of the company’s stock, valued at $13,226,010.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 52.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ATUS. State of New Jersey Common Pension Fund D raised its holdings in shares of Altice USA by 37.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 228,498 shares of the company’s stock valued at $2,852,000 after buying an additional 61,715 shares during the last quarter. National Bank of Canada FI increased its position in Altice USA by 1,941,924.2% in the first quarter. National Bank of Canada FI now owns 1,281,736 shares of the company’s stock worth $15,987,000 after purchasing an additional 1,281,670 shares during the period. KBC Group NV increased its position in Altice USA by 44.8% in the first quarter. KBC Group NV now owns 36,685 shares of the company’s stock worth $458,000 after purchasing an additional 11,343 shares during the period. Independent Advisor Alliance increased its position in Altice USA by 12.7% in the first quarter. Independent Advisor Alliance now owns 18,732 shares of the company’s stock worth $234,000 after purchasing an additional 2,115 shares during the period. Finally, Quadrant Capital Group LLC increased its position in Altice USA by 60.3% in the first quarter. Quadrant Capital Group LLC now owns 6,175 shares of the company’s stock worth $77,000 after purchasing an additional 2,324 shares during the period. 56.28% of the stock is owned by institutional investors.

Altice USA Company Profile

(Get Rating)

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 approximately five million 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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