Clarkston Capital Partners LLC Has $42,000 Holdings in Altice USA, Inc. (NYSE:ATUS)

Clarkston Capital Partners LLC trimmed its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 98.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,300 shares of the company’s stock after selling 872,700 shares during the period. Clarkston Capital Partners LLC’s holdings in Altice USA were worth $42,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in Altice USA during the 4th quarter worth about $43,000. ExodusPoint Capital Management LP bought a new position in shares of Altice USA during the fourth quarter worth about $1,007,000. Geode Capital Management LLC raised its position in 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. Arrowstreet Capital Limited Partnership bought a new stake in Altice USA in the 4th quarter valued at approximately $103,000. Finally, JPMorgan Chase & Co. boosted its position in Altice USA by 238.7% during the 4th quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company’s stock worth $15,531,000 after acquiring an additional 4,541,359 shares during the last quarter. 54.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ATUS has been the topic of a number of recent research reports. Raymond James upgraded shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective on the stock in a report on Tuesday, February 18th. Citigroup raised their target price on shares of Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.28.

Altice USA Price Performance

Shares of ATUS opened at $2.35 on Friday. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.20. The company has a market cap of $1.09 billion, a PE ratio of -10.20 and a beta of 1.64. The firm has a 50-day moving average of $2.71 and a 200-day moving average of $2.58.

Altice USA (NYSE:ATUS) last released its quarterly earnings data 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). Analysts expect that Altice USA, Inc. will post -0.24 earnings per share for the current year.

About Altice USA

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.